Carrington Projects Limited

Carrington Projects Limited is a small, active company based in Wickford, UK, founded 29 years ago in 1996. With just one employee and £1,862 in assets, it operates from a virtual address shared by twelve other companies, raising some questions. The business is led by a single director and owner, Carrington Lloyd Joseph, and is classified as a solo founder. It’s an irregular importer, primarily bringing in textile padding, felt, nonwoven fabrics, special yarns, ropes, and cables, with the latest import activity recorded just one month ago.

The company’s website reveals a different focus: land and property acquisition throughout the UK. Carrington Group, as it’s called, concentrates on investments expected to maximize returns and enhance the communities where it operates. The group boasts a team of experienced directors and targets opportunities like brownfield sites, residential portfolios, and mixed-use developments. It’s a different business entirely from the import side.

Financially, Carrington Projects Limited is showing some concerning trends. Current assets have plummeted by a staggering 82%, dropping to just £1,900. Net assets have also seen a significant decline, falling 260% to -£25,000. Bank borrowings have decreased by 39%, and cash reserves have dropped 82% to £780. Creditors have also increased substantially, by 5400%, to £12,000. 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 sharp decline in equity and the reliance on creditors suggest financial pressures. As a small company, it’s exempt from an audit, so the figures are unaudited.

It’s clear that while Carrington Group is focused on property development, the underlying company, Carrington Projects Limited, is facing some challenges. Whether it can sustain its operations and support the larger group’s ambitions remains to be seen.

Registered in England/Wales under the registration number 03143887, with a registered address at SS11 8AW, Wickford, Essex, Office 1 Riverside Court, 24 Lower Southend Road.

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