Frewfix Ltd

Frewfix Ltd from Redruth, UK, is a small, active company founded 15 years ago. With seven employees and £508,229 in assets, it's a solo-founded operation led by a single director and owner, Nathan Frew. The company holds a stellar 5.0 Google rating based on one review. It’s an irregular importer of iron or steel products, with just one month of imports recorded as of December 2024.

The company’s website showcases its focus on civil engineering services in Cornwall, specializing in formwork, shuttering, groundworks, and steel fixing. It positions itself as a reinforced concrete specialist, providing services to both sub-contractors and principal contractors. The site highlights a commitment to qualified tradesmen and high-quality finished products, and even mentions a concrete boom pump hire service.

Financially, Frewfix Ltd's numbers present a mixed picture. Current assets have decreased by 18% to £510,000, while net assets have fallen 14% to £590,000. Bank borrowings have increased significantly, rising by 2400% to £41,033. Cash reserves have plummeted 98% to just £450. Creditors have decreased by 11%, suggesting better debt management. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain flexible. With no auditor mentioned (likely exempt as a small company), the financial statements are unaudited.

The company’s workforce has increased by 71%, with twelve employees now reported, which could be a reason for the increase in bank borrowings. While the civil engineering services appear to be active, the sharp decline in cash reserves and the increase in bank borrowings raise concerns. Whether Frewfix Ltd can maintain its momentum and profitability remains to be seen.

Registered in England/Wales under the registration number 07118385, with a registered address at TR16 5HY, England, Redruth, Cornwall, Frewfix Ltd United Downs Industrial Park, St. Day.

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