Efficway Ltd

Efficway Ltd, based in Harrow, UK, is a small, active company founded two years ago. With just two employees and £13,056 in assets, it operates from a virtual address shared by 75 other companies, a bit unusual. The company is led by two directors and a single owner, who is also the solo founder. It has a stellar 5.0 Google rating based on 41 reviews, a testament to its customer service. Efficway is an irregular importer of plastics and plastic products, with its last import operation occurring in November 2024.

The company specializes in conservatory insulation, offering Thermo Panels, insulated ceilings, and Ultralite 500 replacements. Its website showcases a range of solutions to transform conservatories into year-round living spaces, addressing issues like poor insulation and weather responsiveness. It seems like they're targeting homeowners looking to improve their conservatory’s comfort and energy efficiency. The site’s focus on high-quality materials, affordable prices, and a 10-year manufacture warranty suggests a customer-centric approach.

Financially, Efficway Ltd presents a mixed picture. While its small size (meeting two of three conditions for a small company) allows for agility, its net assets remain at just £7,200, a modest figure. Cash reserves are at £12,000, and bank borrowings stand at £8,100. Creditors are at £15,000, and trade debtors are £1,000. The company’s retained earnings have remained steady at £7,100. The lack of an auditor is not surprising given its small size, and the accounts are unaudited.

The company’s reliance on loans from directors, while common for small businesses, could indicate a need for external funding to support growth. The consistent level of retained earnings suggests a steady, if not rapid, pace of profitability. The fact that the list of directors was changed five days ago could be a positive sign, indicating potential restructuring or new leadership.

Registered in England/Wales under the registration number 14781689, with a registered address at HA1 1BH, England, Harrow, 166 College Road.

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