Clifford Devlin Limited

Clifford Devlin Limited, based in Grays, UK, is a sizable company with a long history, having been established 63 years ago. The firm, currently active, operates as a holding company and employs 34 people. With assets totaling £3,356,471 and a yearly revenue of £12,876,152, it’s a significant player in its sector. Seven directors and one owner oversee the business, which has a real address and is registered with only one other company at the same location. The company irregularly exports machinery, boilers, and mechanical appliances, with its last export operation occurring over two years ago in May 2021.

Clifford Devlin specializes in demolition, refurbishment, fire protection, and fit-out services, catering to the construction industry. Their website showcases a range of services, from asbestos removal to building restoration, and highlights a commitment to quality and sustainability. They even operate a separate division focused on high-end piano restoration, demonstrating a diverse range of expertise.

The company's financial picture presents a mixed bag. While turnover increased by a healthy 26%, to £13 million, the company's net assets took a significant hit, plummeting 29% to £2.1 million. Cash reserves also decreased by 30%, settling at £690,000. Bank borrowings, however, saw a dramatic increase of 2,400%, reaching £29,000. Creditors also decreased by 18%, suggesting improved debt management. The company, meeting two of three criteria for a large company, benefits from its size, but the sharp decline in equity raises concerns. No auditor is mentioned, likely due to the company’s size, meaning the financial statements are unaudited.

The company's financial trends suggest a period of transition, with increased revenue offset by declining equity. The success of its piano restoration division, with its focus on prestige and heritage, contrasts with the more modest demolition and refurbishment services. It’s unclear how the two businesses support each other, but both emphasize family ownership and British craftsmanship.

Registered in England/Wales under the registration number 00719719, with a registered address at RM20 4EL, England, Grays, Essex, Clifford House Hedley Avenue, West Thurrock.

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