Harrison Homes Developments Limited

Harrison Homes Developments Limited is a small, active company based in Cheshunt, UK, established ten years ago in 2015. It holds £392,389 in assets and operates as a holding company, overseen by one director and owner. The company’s registered address is a virtual one, shared by 160 other companies. Harrison Homes Developments Limited is involved in the construction of domestic buildings, with a focus on extensions, renovations, and new builds, as highlighted on its website. It's a irregular importer, bringing in wood and wood products for short periods, with its last import operation occurring in January 2023.

The company’s website showcases a range of residential building projects, from extensions and renovations to new builds, often incorporating bespoke features like bifolding doors and reclaimed bricks. It appears to operate primarily through word-of-mouth and repeat business, emphasizing high-quality work and professional service. The website details numerous projects in Kenilworth and Coventry, demonstrating a focus on local clients and a diverse skillset. It’s a small business, meeting two of the three criteria for classification (turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees).

Financially, Harrison Homes Developments Limited presents a mixed picture. Cash reserves have plummeted 98%, falling to just £2,900, while creditors have increased slightly to £320,000. Debtors have seen a significant decrease, dropping 69% to £54,000, which could indicate better collection practices or a slowdown in sales. Equity has also declined by 20%, settling at £110,000. The company’s property, plant, and equipment has seen a massive increase, jumping 530%, to £44,000, which may reflect investments in equipment or renovations. As a small company, it is exempt from an audit, and the financial statements are unaudited.

The sharp decrease in cash and the decline in equity suggest the company is burning through money, although it's possible this is a temporary situation. The increase in property, plant, and equipment could indicate investment for future growth. While the company’s website projects a professional image and a focus on quality, the financial data reveals a need for careful management and potentially a re-evaluation of its financial strategies.

Registered in England/Wales under the registration number 09501990, with a registered address at SG1 3HW, England, Stevenage, Herts, Suites 10-12 The Hive Bell Lane.

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