Grangewood Builders Limited

Grangewood Builders Limited, based in Canvey Island, Essex, is a sizable construction firm with a history spanning 32 years. The company, active since its incorporation on May 15, 1992, employs 56 people and holds assets valued at £5,816,759. With seven directors and one owner, it operates from a real address and is a holding company. Notably, Grangewood Builders Limited occasionally imports art and antiques, with the last import operation occurring in October 2023.

The company specializes in brickwork, masonry, and related trade disciplines, offering services to residential, refurbishment, commercial, and education sectors. Its website highlights a focus on high-quality workmanship and attention to detail, showcasing completed projects and emphasizing its reputation for reliability. It’s clear they’re targeting a B2B market, providing specialist services rather than direct consumer sales.

Financially, Grangewood Builders Limited presents a mixed picture. While turnover increased by a substantial 31%, reaching £21 million, net assets only rose by a modest 1.3% to £750,000. Cash reserves increased by 11%, reaching £2.2 million, which is a positive sign. However, bank borrowings decreased significantly by 33%, falling to £480,000. Creditors also decreased by 15%, suggesting improved debt management. The company’s size qualifies it as large, having met two of the three criteria for a large company. The increased administrative expenses by 6.6% could be a result of the increased turnover.

The company’s auditor is Maynard Heady LLP. Despite the growth in turnover, the relatively small increase in net assets suggests that profits are being reinvested into the business, perhaps expanding operations or improving equipment. The decrease in bank borrowings is a good sign, indicating a healthier financial position. It’s worth noting that the figures are unaudited, so a deeper dive into the company’s financial statements would be necessary for a more comprehensive assessment.

Registered in England/Wales under the registration number 02715038, with a registered address at SS8 9DE, Essex, 12-16 Lionel Road, Canvey Island.

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