Building And Plumbing Supplies Limited

Building And Plumbing Supplies Limited, based in Leamington Spa, UK, is a well-established company with a rich history, having operated for 90 years. This large company, meeting two of three conditions to be considered large (turnover over £36 million, balance sheet over £18 million, and over 250 employees), functions as a holding company and currently has an active status. With 122 employees and £6,964,419 in assets, it’s a significant player in the region. Six directors and one owner guide the company, which boasts a stellar 5.0-star Google rating from 109 reviews. The company regularly imports wood and wood products, with 18 months of import activity recorded, the last in June 2023.

The company operates in the agents involved in the sale of timber and building materials industries. Its website showcases a vast range of products, from bricks and blocks to timber and joinery, catering to both trade and retail customers. It's clearly an e-commerce operation, with a focus on online sales and quick order functionality. There's a lot of products listed, and it seems to be a well-stocked supplier.

Financially, Building and Plumbing Supplies Limited presents a mixed picture. Accrued liabilities and deferred income decreased by 27%, which is a positive sign. However, accumulated depreciation and impairment for property, plant, and equipment increased substantially, particularly for leased assets and plant machinery. Administrative expenses rose significantly, by 72%, which could be attributed to increased business activity. Bank borrowings decreased by 35%, which is a positive, but bank overdrafts increased by a staggering 110%, suggesting a reliance on short-term financing. The company’s net assets decreased by 17%, a concerning trend.

The company’s director remuneration increased by 31%, reflecting potential growth and increased responsibility. Despite these challenges, the company’s revenue increased by 54%, indicating strong sales performance. The company's tax expense credit decreased, which could be due to various factors, including changes in tax laws or changes in the company’s financial performance. The company’s financial statements were audited by JW Hinks LLP. Overall, Building and Plumbing Supplies Limited appears to be navigating a period of change, with both opportunities and challenges ahead.

Registered in England/Wales under the registration number 00288407, with a registered address at CV34 6RH, Leamington Spa, Warwick, Tachbrook Park Drive, Tachbrook Park.

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