Barretts Industries Ltd

Barretts Industries Ltd, based in St. Albans, UK, is a small, active company founded eighteen years ago. With three employees and £91,830 in assets, it operates from a virtual address, managed by two directors and one owner. The company is irregular importer of electrical machinery and equipment (2 months imported) but a regular exporter of furniture, lighting, and prefabricated buildings (11 months exported).

The company's website reveals a focus on infrastructure construction management, providing services like road construction, industrial development, and pavement preservation. It operates under the Colas Group, boasting a network of global support and award-winning hot mix plants. The site emphasizes partnerships, quality assurance, and efficient project delivery, targeting clients seeking reliable construction solutions. It's clear they're aiming to be a one-stop-shop for all things infrastructure.

Financially, Barretts Industries Ltd shows some concerning trends. Current assets have fallen by 39%, dropping to £92,000, while net assets have decreased by 40%, settling at £36,000. Bank borrowings have remained steady, however, cash reserves have declined by 14%, leaving £53,000. Trade debtors have plummeted by a significant 63%, which could indicate difficulties in collecting payments, or a shift in business strategy. Creditors have also decreased by 38%, suggesting some improvement in managing liabilities. The company's small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the drop in equity is a point of concern. The unaudited financial statements, without an auditor mentioned, rely on director-reported data.

Overall, Barretts Industries Ltd appears to be facing some financial headwinds, although it's likely these are typical for a small business. The company's focus on infrastructure and its connection to the larger Colas Group should provide a stable foundation, but careful management of cash flow and debt will be crucial for long-term success.

Registered in England/Wales under the registration number 06220425, with a registered address at AL3 5BH, England, St. Albans, 2 Adelaide Street.

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