Birkett Bogmats Limited

Birkett Bogmats Ltd from London UK: a small, active company founded ten years ago in 2014, employs five people, and holds £2,551,504 in assets. It operates from a virtual address, managed by two directors and two owners, and is a family business with a solo founder, boasting a stellar 5.0 Google rating from three reviews. The company regularly imports wood and wood products, with activity recorded for the past twelve months.

The company’s website, salesbirkettsbogmats.com, is clearly the main focus, advertising itself as the UK’s number one supplier of bog mats. It offers both sales and hire options, with next-day delivery available. The site details a range of bog mats, crane mats, and timber mats, catering to civil engineering, construction, and plant hire projects. It also highlights over forty years of industry experience and a large stock of over 5000 mats. The website provides detailed information on mat sizes, data sheets, and special offers, and even includes case studies and a blog. The company works with various industries, including oil and gas, nuclear power, utility companies, construction, solar and wind farms, and events.

Financially, Birkett Bogmats Ltd presents a mixed picture. Current assets have fallen by a significant 31% to £2,600,000, while net assets have also declined by 20% to £1,900,000. Cash reserves have dropped 40% to £1,100,000, and bank borrowings have increased, though the exact figures are not clear. Trade debtors have fallen by 61%, which could indicate improved collection efforts, but creditors have also increased slightly. The company meets the criteria for a small business, with turnover less than £10.2 million, assets under £5.1 million, and fewer than 50 employees. There is no auditor mentioned, so the financial statements are unaudited. The company’s dividend payments have increased significantly, which could be a sign of confidence in future earnings, or a need to distribute profits.

The sharp decrease in cash reserves and the increase in bank borrowings suggest that Birkett Bogmats Ltd might be burning through cash faster than it’s bringing it in. However, the company’s strong Google rating and focus on a niche market—providing bog mats for construction and civil engineering—position it well for continued success, and the decrease in debtors is a positive sign.

Registered in England/Wales under the registration number 09091258, with a registered address at EC2Y 5AU, United Kingdom, London, 6th Floor 2 London Wall Place.

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