365 Concrete Ltd

365 Concrete Ltd from Sandwich UK: a small, active company founded thirteen years ago, employs eleven people, and holds £509,813 in assets. It operates from a virtual address and is led by three directors and a single owner, who is also the solo founder. The company runs an e-commerce site and enjoys a stellar 5.0 Google rating based on forty-two reviews. It’s a regular importer of machinery, boilers, and mechanical appliances, with parts imported for seven months, the last operation in July 2018.

The company specializes in ready-mix concrete delivery and pump hire, serving Surrey, Berkshire, and Middlesex. Its website highlights domestic and commercial services, including foundations, flooring, driveways, and roadworks. A key differentiator is its use of volumetric concrete mixers, allowing for on-site mixing and payment only for the concrete used – a big improvement over traditional methods. They even offer concrete pump hire and boast a unique auger system that can reach up to five meters from the truck. The site emphasizes quick delivery, competitive prices, and forty years of experience.

Financially, 365 Concrete Ltd presents a mixed picture. Current assets have decreased by 30%, dropping to £510,000, while net assets have plummeted a staggering 93%, leaving just £30,000. Bank borrowings have increased by 2.5%, reaching £10,000, and cash reserves have fallen 48% to £46,000. Creditors have risen significantly by 31%, reaching £850,000. Trade debtors have also decreased by 26%, suggesting difficulties in collecting payments. The company meets the criteria for a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than fifty employees. The lack of an auditor mentioned suggests that the accounts are unaudited.

The significant drop in equity is a concern, but the company’s established reputation and focus on a niche service could help it weather the storm. The trend of increasing creditors, however, warrants close monitoring.

Registered in England/Wales under the registration number 08053157, with a registered address at CT13 9FF, England, Sandwich, Kent, Innovation House Innovation Way, Discovery Park.

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