De Group Contracting Limited

De Group Contracting Ltd, based in London, UK, is a large, holding company with an active status. Established ten years ago in 2014, it employs 35 people and holds assets totaling £16,485,138. Despite a real address, the company operates from a virtual address, as 356 companies are registered at the same location. It’s managed by eight directors and owned by De Group Contracting Holdings Ltd. The company regularly imports furniture, lighting, and prefabricated buildings, with 7 months of import activity recorded, the last operation on November 01, 2024.

The company's website is non-existent, which suggests a business-to-business model focused on contracting rather than direct consumer sales. It operates within the “other business support service activities n.e.c.” industries.

Financially, De Group Contracting Ltd presents a mixed picture. While turnover increased by 1.5% to £52 million, net assets only increased slightly by 2.4% to £33 million. A significant drop in cash reserves, plummeting 98% to just £73,000, is a cause for concern. Bank borrowings decreased by 28%, which is a positive sign, but administrative expenses rose by 2.9% to £3 million. Director remuneration also decreased by 16%, suggesting cost-cutting measures. Creditors increased by 23%, which could indicate reliance on trade credit. The company meets two of three criteria to be considered large, with turnover over £36 million and balance sheet total over £18 million. The financial statements were audited by Goodman Jones LLP.

Overall, De Group Contracting Ltd seems to be navigating a challenging period. While revenue is up, the dramatic drop in cash reserves and increased reliance on creditors suggest the company is burning through money. The decrease in director remuneration and cost-cutting measures could be an attempt to stabilize the business, but the long-term financial health remains uncertain.

Registered in England/Wales under the registration number 09236659, with a registered address at W1T 4RN, United Kingdom, London, 1st Floor Arthur Stanley House, 40-50 Tottenham Street.

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