1st Choice Memorials Limited

1st Choice Memorials Limited, based in Milton Keynes, UK, is a small, family-run business with an active status, celebrating 20 years since its founding in 2004. Employing five people, the company holds £554,123 in assets and operates from a virtual address shared by 483 other companies. Two directors and two owners—Pollock Crawford and Pollock Jason—lead the operation. The company is an irregular importer, bringing in stone, plaster, cement, and similar materials, with its last import activity recorded one month ago.

The company’s website is unavailable, so it’s difficult to determine the full scope of their operations beyond what’s stated in the report. However, the company operates in the funeral and related activities industries.

Financially, 1st Choice Memorials Limited shows a mixed picture. Current assets increased by 16%, reaching £550,000, while net assets also rose by 12% to £430,000. Cash reserves saw a healthy 29% jump to £37,000. However, bank borrowings increased by 2,400% to £29,000. Creditors decreased by 18%, suggesting better debt management. Average employees during the period increased by 40% to seven. The company’s small size—meeting two of three criteria for a small company—helps it remain agile. No auditor is mentioned, likely due to the company being exempt as a small company.

The significant increase in bank borrowings, despite improved cash reserves, suggests the company may be investing in its operations or facing increased costs. The rise in average employees could be a sign of growth, but it’s also important to monitor whether this translates into increased profitability. Overall, 1st Choice Memorials Limited appears to be holding its own, but the financial data indicates a need for careful management to ensure long-term stability.

Registered in England/Wales under the registration number 05244747, with a registered address at MK9 1NA, United Kingdom, Milton Keynes, Bucks, C/O Hillier Hopkins Llp, 249 Silbury Boulevard.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.