Farrell Fabrications Limited

Farrell Fabrications Ltd, based in South Bank, Middlesbrough, UK, is a small holding company with an active status, celebrating 29 years since its founding in 1996. Employing 15 people, the company holds assets totaling £1,530,081. With two directors and two owners, and a Google rating of 3.0 based on seven reviews, it operates from a real address and functions as an irregular importer, primarily of furniture, lighting, and prefabricated buildings, with a recent import activity in January 2024.

The company's website showcases a diverse range of services centered around industrial doors and shutters. Farrell Fabrications doesn't appear to be a traditional e-commerce business; instead, it operates as a manufacturer, installer, and maintenance provider for commercial and industrial clients. The site details various door types – roller shutters, sectional overheads, folding shutters, and more – catering to sectors like transport, logistics, and retail. Services include planned preventative maintenance, repairs, and even manufacturing custom openings in buildings.

Financially, Farrell Fabrications Ltd presents a mixed picture. While current assets increased by 11% to £1.5 million, net assets grew by a modest 1.8% to £860,000. Bank borrowings surged by a significant 130% to £160,000, and cash reserves declined by 22% to £550,000. Trade debtors increased by 31%, suggesting a potential need to manage customer payments more closely. The company’s small size (meeting two of three criteria for a small company) allows for agility, but the increase in bank borrowings warrants attention. The company is exempt from an audit, so the figures are unaudited.

The rise in bank borrowings, alongside a decrease in cash reserves, suggests that Farrell Fabrications may be investing in growth or facing increased operational costs. The company’s focus on maintenance and installation, rather than direct sales, indicates a business-to-business model that relies on long-term contracts and repeat customers. While the increase in trade debtors may be a temporary fluctuation, it’s something to keep an eye on.

Registered in England/Wales under the registration number 03158161, with a registered address at TS6 6JB, South Bank Middlesbrough, Cleveland, Wallis Road, Skippers Lane Industrial Estate.

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