Befab Limited

Befab Ltd from Belfast, UK, is a large company with an active status, having been founded 36 years ago in 1989. Employing 30 people, the company boasts assets of £7,338,480 and operates from a real address. With three directors and a solo founder, Befab Ltd has a strong Google rating of 5.0 based on 10 reviews. It’s an irregular importer, primarily dealing in stone, plaster, cement, and similar material products, with its last import operation recorded one months ago.

The company's website showcases its role as a specialist in roofing systems and architectural flashings, proudly stating it’s Northern Ireland’s largest manufacturer in this field. Since 1988, Befab Ltd has been delivering high-quality, tailored solutions for commercial, industrial, and agricultural projects. The site details a wide range of products, from profiled sheeting to curved profiles, and even offers custom-curved corrugated profiles for unique architectural needs. The website is very well presented, and easy to navigate.

Financially, Befab Ltd shows a mixed picture. While cash reserves increased by a significant 79% to £2.4 million, net assets grew by 16% to £6.3 million. However, administrative expenses rose by 28% to £610,000, and net losses deepened to £1.2 million. Bank borrowings increased, suggesting a reliance on external funding. Trade debtors increased by 12%, which could indicate delayed customer payments. The company’s size (meeting two of three criteria for a large company) allows it to maintain a strong market position. The financial statements were audited by SLMD Limited T/a Bridge, Chartered Accountants.

Overall, Befab Ltd appears to be a well-established company with a strong reputation in its niche market. While the increased expenses and losses are concerning, the company’s assets and cash reserves suggest it is well-positioned to weather these challenges. It’s a solid business, but needs to keep an eye on its costs.

Registered in Northern Ireland under the registration number NI022447, with a registered address at BT8 7QN, Belfast, 2 Beechill Business Park, 96 Beechill Road Newtownbreda.

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