Ac1 Developments Limited

AC1 Developments Limited, based in Croydon, UK, is a small, active company founded six years ago in December 2018. Employing just three people, the company holds £525,465 in assets and operates from a virtual address shared by 649 other businesses – a bit odd, really. It’s led by one director and one owner, Adrian Craciun. The company focuses on development of building projects, construction of domestic buildings, temporary employment agency activities, and construction of commercial buildings.

The company’s website showcases a range of services, from turnkey residential development to house extension projects, and fitout works. It highlights a focus on innovation, sustainability, and collaboration, aiming to deliver high-quality residential and commercial projects from concept to completion. It's a sister company to AC1 Construction, specializing in new builds, conversions, and high-spec fitouts.

Financially, AC1 Developments Limited has seen some dramatic shifts. Cash reserves have exploded, jumping 260,000% to a staggering £200,000, while bank borrowings have also increased significantly. Creditors have also surged, rising 6,300% to £390,000. Trade debtors have also increased by 3,100% to £260,000. On a more positive note, equity has grown substantially, increasing 3,300% to £140,000. The company meets the criteria for a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. There’s no auditor mentioned, which is common for small companies.

These rapid changes, particularly the large increases in both debt and receivables, suggest the company is experiencing a period of rapid growth, but it’s also important to monitor whether this growth is sustainable. The surge in cash reserves is encouraging, but the company will need to manage its increased liabilities carefully.

Registered in England/Wales under the registration number 11730067, with a registered address at HA1 1UD, England, Harrow, Health Aid House, Marlborough Hill.

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