Harold + Ltd

Harold + Ltd, based in Roslin, UK, is a small, active company founded three years ago in November 2021. It’s a solo-founded operation with one director and owner, operating from a real address and meeting two of the three conditions to be considered small: turnover under £10.2 million and balance sheet total under £5.1 million. The company's website, haroldnewsomeltd.co.uk, reveals it's a structural steel specialist, an industry leader since 1937.

Harold Newsome Ltd designs and builds structural steel buildings, focusing on commercial, retail, industrial, healthcare, education, leisure, and community projects. The website showcases a wide range of projects, from head offices and retail parks to warehouses, schools, and community centers. It even mentions working with big brands like Lidl, Aldi, Bentley, and Starbucks. The company employs a team of structural engineers and draftspeople, and its website highlights its expertise in steel frame design and innovative solutions.

Financially, Harold + Ltd presents a mixed picture. Cash reserves have increased by a respectable 74% to £170, but retained earnings have plummeted by a staggering 3400% to -£3300. Creditors have risen to £3500, and net current assets liabilities are at -£3300. While the company's small size offers agility, the significant equity decline and rising liabilities suggest potential financial strain. The lack of an auditor mentioned (likely exempt as a small company) means the figures are unaudited. It's worth noting that the company’s revenue recognition policy states turnover is recognised at the fair value of the consideration received, which is good.

The company’s focus on structural steel construction and its long-standing reputation in the industry provide a solid foundation. However, the recent financial trends indicate that Harold + Ltd is burning through money, and it’s important to see if the company can turn things around.

Registered in Scotland under the registration number SC714401, with a registered address at EH25 9AQ, Scotland, Roslin, 4 Charles Wilson Avenue, Bilston.

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