First Tunnels Limited

First Tunnels Ltd from Keighley UK: a small company with an active status, was founded 24 years ago and employs 24 people. It holds £2,320,375 in assets, operates from a virtual address, and is overseen by four directors and one owner. The company regularly imports iron or steel products (36 months) and exports furniture, lighting, and prefabricated buildings (5 months).

First Tunnels Ltd specializes in the design, manufacture, and supply of polytunnels and related equipment for gardeners and commercial growers. Their website showcases a wide range of polytunnels, from small domestic models to large-scale commercial structures, alongside a comprehensive selection of accessories, netting, and staging. The company also provides construction services and caters to schools, emphasizing its commitment to supporting the next generation of growers. They even supply celebrity gardeners, like Alan Titchmarsh.

Financially, First Tunnels Ltd presents a mixed picture. While cash bank on hand increased significantly by 70% to £860,000, current assets also rose by 21% to £2,300,000. However, the company’s net assets grew by a more modest 18% to £4,200,000. Debtor amounts increased by 34% to £470,000, which could indicate expanding sales, but also potential challenges in collecting payments. Bank borrowings decreased by 23%, suggesting improved financial management. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the increase in debtors needs to be monitored. The company’s accounts are unaudited, a common practice for small entities.

The company’s growth in cash and assets is encouraging, but the increase in debtors warrants close attention. Their focus on polytunnels and related products, combined with a strong online presence, positions them well in the gardening and agricultural sectors.

Registered in England/Wales under the registration number 04196731, with a registered address at BD21 4BZ, England, Keighley, West Yorkshire, Suite 3, Aireside House Aireside Business Centre, Royd Ings Avenue.

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