Boom Construction Limited

Boom Construction Limited, based in London, UK, is a large company with an active status, having been incorporated thirteen years ago in March 2012. Employing twenty-one people, the company holds £9,951,143 in assets and generates £24,769,645 in yearly revenue. Despite having four directors and two owners, the registered address is a virtual one, with 120 other companies registered at the same location—a potential red flag. The company is an irregular importer of iron or steel products, with just one month of import activity recorded.

Boom Construction operates in the construction of commercial buildings, offering services from new homes to regeneration projects. Their website highlights a commitment to building confidence and enhancing living and working environments, emphasizing collaborative relationships and tailor-made solutions. They appear to be a full-service contractor, working with clients, communities, and likeminded organizations.

Financially, Boom Construction shows some concerning trends. While cash bank on hand increased by 10% to £4,100,000, accrued liabilities skyrocketed by 21,000% to £3,300,000. Bank borrowings were eliminated, which is positive, but the massive increase in liabilities suggests the company might be burning through cash to cover its obligations. Depreciation and amortization expenses have also risen significantly, by 76%, which could be due to investments in new equipment or property. Despite these challenges, turnover increased by 10% to £25,000,000, indicating continued demand for their services. The company's large size (meeting two of three criteria for a large company) and lack of an auditor mentioned (likely exempt) mean the figures are unaudited.

Overall, Boom Construction seems to be navigating a period of financial pressure, despite ongoing business activity. The company’s focus on building relationships and delivering quality projects could help it weather the storm, but the significant increase in liabilities warrants close monitoring.

Registered in England/Wales under the registration number 07989022, with a registered address at NW3 6LH, London, Harben House Harben Parade, Finchley Road.

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