Detail Projects Ltd

Detail Projects Ltd, based in Glasgow, UK, is a small, family-run business with an active status. Founded ten years ago in 2014, the company holds £427,490 in assets and operates from a real address, managed by two directors and two owners. It’s a regular importer, primarily of furniture, lighting, and prefabricated buildings, with five months of import activity recorded, the last in May 2023. The company operates in the development of building projects industries.

The company's website is not available, so it's hard to tell if it's an e-commerce site. It's likely they focus on B2B sales and project-based work, rather than direct consumer sales.

Financially, Detail Projects Ltd presents a mixed picture. Creditors have significantly decreased by 41%, from £620,000 to £360,000, which could indicate improved debt management. However, cash bank on hand has completely vanished, dropping 100% to zero. Bank borrowings have increased, rising from zero to £36,000, and net assets have increased by 130% to £40,000. There's also a significant jump in debtors, up 120% to £180,000, which could be a sign of delayed customer payments or an expansion of credit terms. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile, but the sudden drop in cash reserves and increase in borrowings are concerning. The unaudited figures, with no auditor mentioned, rely on director-reported data.

It seems like Detail Projects Ltd is facing some financial pressures, perhaps related to project delays or increased material costs. The company’s family ownership and focus on building projects suggest a long-term perspective, but the recent financial trends warrant close monitoring.

Registered in Scotland under the registration number SC487831, with a registered address at G3 8AZ, Scotland, Glasgow, The Pentagon Centre 36 Washington Street, 225e C/O Income Accounting.

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