Access Building Contractors Limited

Access Building Contractors Limited, based in London, UK, is a small, active company founded 20 years ago in 2005. With six employees and £5,020,394 in assets, it operates from a real address and is led by two directors and a solo founder, Lita Xhevat. The company boasts a solid 4.0 Google rating from nine reviews and regularly imports furniture, lighting, and prefabricated buildings—seven months of imports recorded, the last in July 2024.

The company's website highlights its role as a "Main Contractor" specializing in domestic building construction across London and the South East. It’s a recognised Principal Contractor, providing services from groundworks to design, and even offers in-house design capabilities. The website details a vision to deliver over 500 high-quality units annually by 2025, and showcases completed projects, including luxury homes and developments for various sectors like housing associations, retail, and governmental schemes. It seems like a well-established operation, with a focus on quality and client relationships.

However, a closer look at the financials reveals some concerning trends. Cash bank on hand plummeted 68%, dropping to £180,000, while bank borrowings surged a staggering 930%, reaching £210,000. Creditors increased by 85%, now at £3.9 million, and trade debtors ballooned by 140%, now at £3 million. While current assets increased by 62%, to £5 million, the sharp rise in liabilities suggests the company is burning through cash. The number of employees has also increased dramatically, from six to fifteen, which could be contributing to the increased expenses. It’s worth noting that the company’s net assets only increased by 10%, to £1.2 million, despite the increase in assets. The company is still small, meeting two of three criteria for turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The lack of an auditor mentioned (likely exempt as a small company) means the figures rely on unaudited statements.

In short, Access Building Contractors Limited appears to be a busy company with a strong reputation, but its financial health is a little shaky. The increased debt and decreased cash reserves could be a cause for concern, although the growth in employees and assets suggests the company is actively expanding.

Registered in England/Wales under the registration number 05427287, with a registered address at SE7 8LX, London, 107 - 115, Eastmoor Street.

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