Copes Readymix Limited

Copes Readymix Ltd, based in Grimsby, UK, is a small, holding company with an active status. Established sixteen years ago in 2009, it employs twelve people and holds assets valued at £313,277. The company, with two directors and one owner, operates from a real address shared by only two other businesses. It’s an irregular importer, primarily dealing with machinery, boilers, and mechanical appliances, with its last import activity recorded one month ago in March 2020.

The company’s primary function is the manufacture of ready-mixed concrete, a cornerstone of the construction industry. While no website is available to analyze, the nature of its business suggests a B2B focus, likely supplying concrete to construction sites and projects.

Financially, Copes Readymix Ltd’s recent performance presents a mixed picture. Net assets have experienced a significant drop, plummeting 97% to just £19,000, a concerning trend. Cash reserves have also decreased substantially, falling 43% to £93,000. Bank borrowings have increased, reaching £560,000, a considerable sum. Creditors have risen dramatically, increasing by 400% to £770,000, which could indicate challenges in managing short-term liabilities. On a brighter note, debtors have decreased by 59%, suggesting improved collection of payments. The company qualifies as a small business, meeting two of the three criteria (turnover under £10.2m, assets under £5.1m, and fewer than 50 employees). With no auditor mentioned, the figures are unaudited.

Despite the financial pressures, Copes Readymix Ltd remains operational. The company’s long-standing presence in the concrete manufacturing sector suggests a degree of resilience, but the significant drop in equity and increase in debt warrants close monitoring.

Registered in England/Wales under the registration number 06835495, with a registered address at DN31 2SY, Grimsby, North East Lincolnshire, Moody Lane.

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