Bancroft Heath Limited

Bancroft Heath Ltd from London UK: a small, active company founded 23 years ago, employs three people, and operates from a real address. It’s a family business with two directors and two owners, regularly importing miscellaneous metal items—six months of import activity recorded.

The company is a residential contractor based in London, UK, specializing in high-end property development. Its website showcases a portfolio of completed projects and highlights its commitment to quality craftsmanship. It seems to be a fairly straightforward operation, with no obvious e-commerce elements.

Financially, Bancroft Heath Ltd shows some concerning trends. Accumulated depreciation on property, plant, and equipment increased significantly—60% for vehicles and 35% overall—suggesting increased investment or aging assets. Amounts owed to related parties decreased by a substantial 34%, which could indicate improved financial management or a change in business relationships. The number of employees increased slightly, by 33%, but cash reserves jumped dramatically—from zero to £140,000. Creditors also rose, by 10%, and bank borrowings decreased significantly, by 72%. It’s a small company, meeting two of three criteria for size (turnover under £10.2m, assets under £5.1m, fewer than 50 employees). The company’s equity decreased by 29%, which is a worry. No auditor is mentioned, so the accounts are unaudited.

Overall, Bancroft Heath Ltd appears to be navigating some financial headwinds. The surge in cash reserves is a positive sign, but the decrease in equity and increase in creditors suggest potential challenges. The company's focus on high-end residential development and its family-run structure may provide resilience, but careful management will be crucial to sustaining its long-term success.

Registered in England/Wales under the registration number 04386309, with a registered address at SW6 2BW, England, London, Unit 15 Talina Centre, Bagleys Lane.

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