Glencar Construction Ltd

Glencar Construction Ltd, based in St Albans, UK, is a sizable company with an active status, founded nine years ago in 2015. Employing 270 people and boasting assets of £112,205,681, it operates as a holding company. The company’s registered address, while seemingly virtual due to sixteen companies sharing the same location, is at Glencar House. Led by two directors and owned by Glencar Construction Holdings Ltd, the business is irregular importer of iron or steel products, with the last import operation occurring one month ago.

The company’s website, Constructionline, reveals a complex ecosystem of procurement services for the construction industry. It’s not an e-commerce site in the traditional sense; instead, it functions as a platform connecting buyers and suppliers, offering tools for prequalification, risk management, social value demonstration, and tender management. The site provides a one-stop-shop for supply chain data, facilitating compliance with regulations like the Building Safety Act. It’s a B2B service, not a direct-to-consumer retail operation.

Financially, Glencar Construction Ltd’s report presents a mixed picture. While cash and bank holdings increased significantly by 100% to £44,000,000, net assets declined by 14% to £11,000,000. Bank borrowings increased by 200% to £29,000,000, and cash reserves fell 14% to £44,000,000. Creditors also rose by 17% to £100,000,000. The company's assets are substantial, meeting two of three criteria for a large company: turnover over £36 million, balance sheet total over £18 million, and average number of employees over 250. The increase in bank borrowings and decrease in cash reserves suggests the company is investing in growth, but the decline in net assets warrants further scrutiny. The report doesn’s mention an auditor, likely due to its size. These figures are unaudited.

Registered in England/Wales under the registration number 09640283, with a registered address at AL1 3UU, United Kingdom, St Albans, Herts, Glencar House, 32-34 Upper Marlborough Road.

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