B & B Contracts Ltd

B & B Contracts Ltd, based in Lanark, UK, is a small, active company founded thirteen years ago. With five employees and £314,671 in assets, it’s a family business led by three directors and two owners, Barr Jean and Barr Scot. The company boasts a perfect 5.0 Google rating from three reviews. While primarily operating in the renting and leasing of trucks and other heavy vehicles, it’s also an irregular importer of optical and medical tools and devices, with just one month of import activity recorded as of January 2022.

The company’s website is non-existent, which is not unusual for a small business in this sector. It’s likely that B & B Contracts Ltd relies on word-of-mouth and direct contact for its operations.

Financially, B & B Contracts Ltd shows a mixed picture. Current assets have decreased by 23%, dropping to £310,000, while net assets have increased by 12%, reaching £660,000. Cash bank on hand has fallen by 31%, down to £68,000. Creditors have also increased, with those due within a year rising by 8.5% to £330,000. The company’s small size (meeting two of three criteria for a small company) helps it remain flexible, but the decline in cash reserves could be a concern. Disposals of property, plant, and equipment were substantial, totaling £190,000, which could indicate reinvestment or asset sales. The lack of an auditor mentioned suggests the company is exempt from an audit as a small entity.

Overall, B & B Contracts Ltd seems to be navigating a period of change. While the increase in net assets is encouraging, the decrease in cash and rise in short-term creditors warrant careful monitoring.

Registered in Scotland under the registration number SC412710, with a registered address at ML11 9DB, Lanark, Lanarkshire, Ia Stewart & Co The Mechanics Workshop, New Lanark.

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