Goulden & Sons Construction Limited

Goulden & Sons Construction Ltd, based in Teignmouth, UK, is a small holding company with an active status, having been founded thirteen years ago in 2011. The company employs twelve people and holds assets totaling £3,296,884. It operates from a virtual address, registered with 120 other companies, and is managed by three directors and one owner. The company imports miscellaneous metal items irregularly, with the last import activity recorded one month ago in May 2023.

The company’s website, though minimal, indicates a focus on construction projects. Goulden & Sons Construction Limited operates in the development of building projects industries. The company is small, meeting two of three conditions: turnover less than £10.2 million, balance sheet total less than £5.1 million, and fewer than 50 employees.

A review of the company’s financial data reveals some concerning trends. Accumulated depreciation for motor vehicles increased significantly, by 80%, while depreciation for plant machinery rose by 7.1%. The number of employees in administration support decreased by 17%. Amounts owed by subsidiaries increased by a substantial 24%, while amounts owed to parent entities decreased by 7.3%. Cash bank on hand plummeted by 63%, and current assets decreased by 13%. Despite these challenges, creditors decreased by 13%, suggesting improved debt management. The company’s net assets also decreased, by 3%, and net current assets liabilities decreased by 10%.

The company’s financial picture is mixed. While it’s managing its creditors well, the decline in cash reserves and current assets is a cause for concern. The decrease in employees could indicate cost-cutting measures or a shift in operational strategy. With no auditor mentioned, the figures rely on unaudited statements. Overall, Goulden & Sons Construction Ltd appears to be navigating a period of financial pressure, but its small size and focus on construction projects may help it weather the storm.

Registered in England/Wales under the registration number 07695156, with a registered address at TQ14 8AR, United Kingdom, Teignmouth, Devon, 5 Den Road.

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