Distinction Contracts Limited

Distinction Contracts Ltd from Worthing, UK, is a small, active company founded 17 years ago. With eight employees and £1,561,813 in assets, it operates from a virtual address – a point to note as thirty-two companies share the same address. The company is led by five directors and owned by a solo founder, Elliott Mark Andrew. It regularly imports and exports furniture, lighting, and prefabricated buildings, with 319 months of import activity and 10 months of export activity.

The company's website showcases its role as a contract furniture manufacturer and supplier, specializing in bespoke design, project management, and manufacturing for hotels, serviced apartments, student accommodation, and private residential projects. It boasts a London-based project management team and an expert manufacturing base spanning the UK, Europe, and the Far East. Delivery and installation are managed in-house, ensuring a seamless experience for clients. The website also highlights a commitment to sustainability and provides downloadable brochures detailing its services.

Financially, Distinction Contracts Ltd presents a mixed picture. While current assets increased by a respectable 30% to £1.6 million, equity surged an impressive 100% to £700,000, indicating a healthy growth in retained earnings. However, cash reserves jumped a staggering 15,000% to £810,000, a rather unusual figure that warrants further investigation. Trade debtors decreased by 36%, suggesting better management of customer payments, but bank borrowings remained constant at £110,000. The company’s small size – meeting two of three conditions for classification (turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees) – allows for agility, but the significant changes in various financial instruments, like accrued liabilities and amounts owed to directors, suggest a period of transition. There’s no auditor mentioned, which is common for small, exempt companies.

Overall, Distinction Contracts Ltd seems to be navigating a period of growth and change. The company’s focus on contract furniture manufacturing and its commitment to quality and service position it well for future success, but the unusual cash figure and fluctuations in financial instruments require close monitoring.

Registered in England/Wales under the registration number 06511386, with a registered address at BN11 3BS, England, Worthing, 3 West Buildings.

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