Adstone Construction Limited

Adstone Construction Ltd from Droitwich UK is a large, active company founded 47 years ago, in 1977. Employing 56 people and holding assets of £4,784,364, it generates a yearly revenue of £13,215,143. Based at a real address, the company is run by two directors and four owners, and operates as a family business, boasting a perfect 5.0 Google rating from five reviews. It’s an irregular importer, primarily dealing in machinery, boilers, and mechanical appliances; parts, with recent import activity recorded just two months ago.

The company’s website showcases a comprehensive range of services, from design detailing to erection, catering to structural steelwork needs for projects of all sizes. It highlights successful projects like the Redditch Fire and Police Centre and the Southend Plot 6, demonstrating experience and capability. The website also features a section on quality assurance, including accreditations and statements on health and safety and environmental responsibility.

Financially, Adstone Construction Ltd presents a mixed picture. While turnover remained steady at £13,215,143, net assets decreased by 17% to £3,900,000. Cash reserves fell by 30% to £2,100,000, and bank borrowings increased by 100% to £190,000. However, trade creditors decreased by 10% to £1,400,000, indicating improved debt management. The company meets two of three criteria to be considered a large company, having a turnover of over £36 million and a balance sheet total of over £18 million, but employing fewer than 250 people. The company’s financial statements were audited by Bissell & Brown Midlands Ltd.

Overall, Adstone Construction Ltd appears to be a well-established company with a strong reputation, but the decline in cash reserves and increase in borrowing suggest potential financial pressures. The company’s family-run structure and focus on quality could help it navigate these challenges, but continued monitoring of its financial performance will be important.

Registered in England/Wales under the registration number 01333821, with a registered address at WR9 0NX, Droitwich, Worcestershire, Adstone House Wassage Way, Hampton Lovett Industrial Estate.

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