City Roofscapes Limited

City Roofscapes Limited, based in Colchester, UK, is a small, active company founded just three years ago. With two employees and £32,552 in assets, it operates from a virtual address shared by eighty-seven other companies, a bit of a red flag. The business is owned and directed by Bushell Mark Andrew and Pointer Mark Steven. It’s a regular importer, bringing in stone, plaster, cement, and similar materials—the last shipment arriving in December 2023. The company's website, urbanroofscapes.co.uk, promotes a new site coming soon and provides contact details, including a phone number and email address, and a physical address in Warrington.

The company specializes in roofing activities and other specialized construction work, operating in a competitive market. It's a small business, meeting two of the three criteria for classification: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The website suggests a focus on urban roofing, possibly indicating a niche within the construction sector.

However, a closer look at the financials reveals a concerning trend. While bank borrowings increased slightly, creditors have significantly decreased, which is good. But current and net assets have both plummeted—a 65% drop to £33,000 and a 15% drop to -£53,000, respectively. Trade debtors have also fallen, suggesting customers are paying slower. Cash reserves are down 65% to £33,000. The company's equity is negative, indicating it’s burning through cash. The lack of an auditor mentioned suggests the accounts are unaudited.

Despite its small size and active status, City Roofscapes Limited appears to be facing financial challenges. The directors are working hard to keep the business afloat, but the negative equity and declining assets are worrying. It’s a bit of a gamble, but hopefully, the new website and focus on urban roofing will turn things around.

Registered in England/Wales under the registration number 13660225, with a registered address at CO7 7QR, United Kingdom, Colchester, Essex, 4 & 5 The Cedars Apex 12, Old Ipswich Road.

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