Conamar Building Services Limited

Conamar Building Services Ltd, based in Letchworth Garden City, UK, is a medium-sized, active company with a solid 31-year history. Employing 50 people, it boasts impressive assets of £18,049,998 and a yearly revenue of £64,198,465. The company, a family business with a perfect 5.0 Google rating from 11 reviews, operates from a real address and is overseen by four directors and three owners. It's also an irregular importer, primarily dealing with iron or steel products, with a recent import recorded just one month ago.

Conamar specializes in construction, offering services from design and build to refurbishment and fit-out for both private and public sectors. Its website highlights expertise in heritage transformation, like the Heals Store project, emphasizing sustainability and modern development. The company caters to a wide range of industries, including residential, commercial, healthcare, and education.

Looking at the financial data, Conamar’s net assets have increased by 18% to £4.7 million, a positive sign. However, bank borrowings have increased by 2,400%, reaching £29,000, and cash reserves have fallen 30% to £28,000. While creditors decreased by 18%, suggesting better debt management, the increase in borrowing could indicate investments in growth or challenges in managing cash flow. The company’s turnover has increased by 22%, showing a good revenue stream, but the rise in debt needs to be monitored. The company’s size, meeting two of three criteria for a medium-sized company, allows for flexibility. The audit firm, George Hay Partnership LLP, conducted the audit.

Overall, Conamar Building Services Ltd appears to be a stable, well-regarded construction company, but the increase in borrowing warrants close attention. The company’s focus on quality projects and its family-run nature provide a strong foundation, but maintaining financial discipline will be key to its long-term success.

Registered in England/Wales under the registration number 02898417, with a registered address at SG6 3BF, England, Letchworth Garden City, One Garden City, Broadway.

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