G. Simpson (builders) Limited

G. Simpson (builders) Limited, based in Beauly, Scotland, is a medium-sized construction company established 21 years ago. With 61 employees and £3,885,667 in assets, the company generates a yearly revenue of £11,856,667. It's an active business with two directors and one owner, and has a real address. The company occasionally imports wood and wood products, with the last import activity recorded in June 2022.

Simpson Builders operates across multiple divisions, including bespoke and commercial building, all-trades and conservation contracting, a specialist concrete flooring division, and a housing developer. The company’s website highlights its focus on quality workmanship and customer care, offering services ranging from new build homes to commercial projects and concrete flooring. They also have a sister company, Ian Elliot Limited.

The latest financial data reveals a mixed picture. While turnover increased by 6.6% to £12 million, the company's financial health shows some concerns. Net assets declined significantly, dropping 11% to £2.4 million, and cash reserves plummeted 22% to £740,000. Bank borrowings increased by 10%, reaching £29,000. Creditors also rose by 18%. The company’s small size (meeting two of three conditions for turnover under £36 million, assets under £18 million, and fewer than 250 employees) helps it remain flexible, but the decline in equity could indicate financial strain. The company was audited by A9 Accountancy Limited, and the audit opinion was qualified due to limitations in obtaining sufficient audit evidence relating to construction contract costs.

Despite these challenges, Simpson Builders appears to be maintaining a strong reputation within the construction industry, with a focus on delivering high-quality projects and customer satisfaction. The company’s continued operation and multiple divisions suggest a resilient business model, although careful financial management will be crucial for sustained success.

Registered in Scotland under the registration number SC259102, with a registered address at IV4 7AS, Scotland, Beauly, 23 Wellhouse.

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