City Plumbing Limited

City Plumbing Ltd from London UK: a small, active company founded 35 years ago, employs ten people, and holds £1,463,564 in assets. With a real address and three directors, it’s a well-established, albeit modest, operation. The company is owned by Dhillon Nicky Parminder Singh, and has been for eight years. It’s an irregular importer, primarily bringing in machinery, boilers, and mechanical appliances, with the last import activity recorded two months ago.

The company operates in the wholesale of hardware, plumbing and heating equipment and supplies industries. Its status is active, and it meets the criteria for a small company – turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The company’s website is not available, so it’s difficult to assess its online presence.

Financially, City Plumbing Ltd presents a mixed picture. Cash bank on hand has decreased by 26%, dropping to £230,000, while bank borrowings have decreased by 35%, reaching £310,000. Creditors have increased by 5.9%, reaching £1,000,000. Trade debtors have decreased by 9%, reaching £390,000. Net assets liabilities have remained steady at £1,200,000. The company's assets are held in computer equipment, furniture fittings, land and buildings, leasehold improvements and motor vehicles. The company’s depreciation on its motor vehicles has increased by 25%.

The company is likely exempt from an audit due to its size, and the financial statements are unaudited. Overall, City Plumbing Ltd appears to be navigating a period of change, with some positive trends offset by challenges in cash flow and creditor management. The company’s long-standing presence and established customer base suggest a degree of resilience, but careful monitoring of its financial performance will be essential.

Registered in England/Wales under the registration number 02457908, with a registered address at E18 1HB, London, 11 Raven Road, South Woodford.

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