Centric Office Solutions Limited

Centric Office Solutions Ltd from Harrogate UK is a small holding company with an active status, established 37 years ago in 1988. The company employs seven people and holds assets valued at £910,927. It operates from a virtual address, with one director and two owners reported, and maintains a respectable Google rating of 4.0 based on five reviews. The company is an irregular importer of furniture, lighting, and prefabricated buildings, with just two months of import activity recorded.

The company’s core business revolves around providing fit-out services, refurbishment design, and furniture solutions for offices and commercial spaces. They cater to a range of sectors, including healthcare, education, retail, and leisure, offering everything from ergonomic assessments to workplace consultancy and sustainability solutions. Their website showcases a comprehensive suite of services, emphasizing a full-service approach and a commitment to creating spaces that enhance the way people work, live, and thrive. They even offer disaster recovery for damaged pianos!

Financially, Centric Office Solutions Ltd presents a mixed picture. Current assets have decreased by 31%, falling to £910,927, while net assets have declined by 26%, reaching £360,000. Bank borrowings have increased significantly, rising by 5300% to £62,000, and cash reserves have plummeted 89%, leaving just £38,000. However, creditors have also decreased by 56%, suggesting improved debt management. The company qualifies as a small company, meeting two of the three criteria (turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees), which allows it to avoid a full audit, relying on unaudited statements.

The surge in bank borrowings and the sharp drop in cash reserves could indicate increased investment or operational expenses, but it also raises questions about the company’s financial stability. The decrease in creditors is a positive sign, but the overall trend suggests that Centric Office Solutions Ltd is navigating a period of financial pressure, despite its established presence and strong reputation in the office fit-out market.

Registered in England/Wales under the registration number 02225986, with a registered address at HG2 8PB, England, Harrogate, Yorkshire, Unit C2, Crimple Court, Hornbeam Square North.

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