Cromar Building Products Limited

Cromar Building Products Limited, based in Goole, UK, is a large, active company established 28 years ago. Employing 70 people and boasting assets of £22,137,575, it’s a significant player in the building materials sector. The company operates from a real address and is managed by two directors, although there are no reported owners. It holds a respectable Google rating of 4.0 based on 22 reviews. Cromar regularly imports and exports plastics and plastic products, with 131 months of import activity and 246 months of export activity recorded.

The company’s website showcases a broad range of roofing and building materials, from liquid roofing systems to timber treatments and adhesives. It’s clearly a wholesale supplier, catering to merchants and builders, rather than a direct-to-consumer retailer. The site highlights a one-stop-shop approach, emphasizing its extensive product range and commitment to quality. It even mentions partnerships with industry bodies like NMBS and NFRC, demonstrating a focus on professional standards. The website also includes testimonials from satisfied customers, praising Cromar’s product range, ease of ordering, and reliable service.

Financially, Cromar Building Products Limited demonstrates a mixed picture. While cash and cash equivalents increased by a substantial 140% to £8,800,000, net assets grew by 29% to £16,000,000. However, net losses deepened from £3,400,000 to £4,400,000, and bank borrowings surged by 2,400%, reaching £29,000. Staff costs increased by 11% to £2,600,000. The company’s large size (meeting two of three criteria for a large company) suggests it’s a well-established operation, but the increase in borrowing and losses could indicate pressures on profitability. Duncan & Toplis Audit Ltd served as the auditor, providing an external validation of the financial statements. The increase in staff costs, coupled with the losses, may be due to increased investment in product development or marketing efforts, which could be a strategy to maintain its competitive edge in the market.

Registered in England/Wales under the registration number 03296833, with a registered address at DN14 0GH, Goole, East Yorkshire, 3 4 & 5 Northside Industrial Estate, Whitley Bridge.

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