Adams Joinery Limited

Adams Joinery Limited, based in Leigh-on-Sea, UK, is a small, holding company with an active status. Established 45 years ago in 1979, it employs 42 people and holds £1,952,185 in assets. The company, managed by five directors and one owner, is an irregular importer, primarily dealing with iron or steel products, with the last import operation occurring in 2017.

The company’s website showcases its specialization in architectural joinery, manufacturing bespoke joinery and fitting out for national chain stores and architects. It boasts state-of-the-art CNC machinery and a 24,000 sq. ft. factory, enabling it to meet demanding client requirements. Adams Joinery provides CAD setting out facilities and full technical support, from cost analysis to commissioning, demonstrating a commitment to comprehensive service.

Financially, Adams Joinery’s recent performance presents a mixed picture. While cash bank on hand increased by 20% to £570,000, net assets dropped by 53% to £230,000, a significant decrease. Bank borrowings, however, rose by 11% to £250,000. Creditors also increased by 38%, reaching £2 million, suggesting a potential reliance on short-term financing. The number of employees decreased by 9.5% to 38, which could reflect restructuring or changing operational needs. Despite meeting the criteria to be a small company, with turnover under £10.2 million and assets under £5.1 million, the decline in equity is concerning. As a small company, Adams Joinery is exempt from an audit, so the figures are unaudited. The company’s financial statements were prepared by Raffingers LLP.

Registered in England/Wales under the registration number 01449935, with a registered address at SS9 5LE, United Kingdom, Leigh On Sea, Essex, Unit 2 30 Progress Road.

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