Ace Reclamation Ltd

Ace Reclamation Ltd, based in Poole, UK, is a small, family-run business with an active status. Founded 21 years ago, it employs four people and operates from a virtual address, with two directors and a solo founder at the helm. The company boasts an impressive 5.0 Google rating from 222 reviews, indicating high customer satisfaction. Ace Reclamation regularly imports wood and wood products, with nine months of import activity recorded.

The company's website showcases a vast and varied stock of traditional building materials, architectural salvage, new and reclaimed railway sleepers, scaffold boards, antique furniture, and vintage interiors. It caters to a broad range of customers, from architects and interior designers to builders and the general public. The site highlights a commitment to quality and craftsmanship, with a focus on reclaimed and repurposed materials. The company also acts as a Carron stockist, offering cast iron radiators, log burners, fireplaces, and other related products.

Financially, Ace Reclamation Ltd shows some concerning trends. Accrued liabilities and deferred income increased significantly by 91%, while bank borrowings surged by 120%. Cash bank on hand decreased by 21%, and net assets fell by 3.5%. However, trade debtors increased by a substantial 130%, which could indicate growing sales. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The accounts are unaudited, as is common for small companies.

The increase in liabilities and decrease in cash reserves suggest that Ace Reclamation may be burning through money faster than it’s bringing it in. However, the growth in trade debtors could be a sign of increased sales and future cash flow. The company’s reliance on a virtual address and the lack of auditor information add a layer of uncertainty to its financial health. Despite these concerns, the company’s strong Google rating and diverse product range indicate a loyal customer base and a potential for long-term success.

Registered in England/Wales under the registration number 05017673, with a registered address at BH15 2PW, Poole, Dorset, Towngate House 2-8 Parkstone Road.

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