Estate Joinery Ltd

Estate Joinery Ltd is a small, active company based in Aberdeen, UK, established eight years ago in July 2016. The company, with five employees and £5,063 in assets, operates from a virtual address—fifty-five other companies are registered at the same location—and is led by a single director and owner, Balams Armands. It’s a regular importer, bringing in furniture, lighting, and prefabricated buildings, with the most recent import activity occurring four months ago in May 2023. The company operates in the joinery installation industries.

The company's website simply displays "HOME," suggesting a limited online presence and a focus on direct sales or business-to-business interactions rather than a full-fledged e-commerce operation. This implies a more traditional business model, relying on local clients and word-of-mouth referrals.

Financially, Estate Joinery Ltd presents a mixed picture. While bank borrowings decreased by 38%, cash reserves fell by a significant 52% to £1,100. Current assets also experienced a sharp decline of 57%, dropping to £5,100. However, creditors decreased by 17%, indicating improved debt management. The company's small size—meeting two of three conditions for being classified as small—helps maintain agility, but the drop in equity, falling from £67,000 to £54,000, warrants attention. The company’s average number of employees has also fallen dramatically, from five to just two. With no auditor mentioned, the financial data relies on unaudited statements.

It appears Estate Joinery Ltd is navigating a period of financial adjustment. The decrease in employees and cash reserves suggests potential cost-cutting measures or a slowdown in business activity, but the reduction in creditors indicates a focus on managing debt.

Registered in Scotland under the registration number SC540522, with a registered address at AB15 6AQ, Scotland, Aberdeen, 36 Angusfield Avenue.

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