House Group Developments Limited

House Group Developments Ltd, based in Ipswich, UK, is a small, active company founded eleven years ago in 2014. It employs just one person and holds £632,680 in assets, operating from a real address. With one director and one owner, the company is a relatively small operation. It’s an irregular importer, primarily dealing with electrical machinery and equipment, with its last import activity recorded eleven months ago.

The company's website showcases a focus on property development, specifically “intelligent property developments.” It lists current developments, a portfolio, and even a section for land and new homes. There’s a dedicated area for completed projects, like Charlotte House, and a contact form for inquiries. The website also provides details about the company’s location and operating hours, and a link to their Instagram feed. It seems they are trying to sell houses and land.

Financially, House Group Developments Ltd presents a mixed picture. Accumulated depreciation for computer equipment increased by 26%, while furniture fittings saw a 22% rise. Bank borrowings decreased by 8.2% to £4.7 million, and cash reserves jumped a significant 72% to £380,000. However, creditors also increased by 67% to £350,000, and net assets only grew by 2.7% to £2.6 million. The number of employees has doubled to two. Despite these fluctuations, the company meets the criteria to be considered small, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The lack of an auditor mentioned suggests it’s exempt from an audit as a small company.

Overall, House Group Developments Ltd seems to be navigating a period of change. While its cash position has improved, the increase in creditors suggests a need to manage debt effectively. The company's focus on property development, coupled with its small size and agile structure, could position it for future growth, but it’s important to keep an eye on its financial health.

Registered in England/Wales under the registration number 08928156, with a registered address at IP4 1EW, England, Ipswich, Suffolk, Carr House, 46 Carr Street.

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