Inco Contracts Limited

Inco Contracts Limited, based in Cannock, UK, is a medium-sized holding company with an active status. Established fourteen years ago in 09 July 2010, the company employs 26 people and holds assets worth £11,799,209. With a yearly revenue of £36,006,936, it operates from a real address and is overseen by five directors and one owner. Google users rate it 5.0 stars based on eight reviews. The company is an irregular importer of machinery, boilers, and mechanical appliances; parts, with its last import operation occurring on July 01, 2024.

The company’s website, while not providing extensive details, suggests a focus on specialised construction activities. It doesn’t appear to be an e-commerce operation, but rather a business-to-business provider of construction services. The site lacks a blog or detailed product listings, indicating a more targeted approach to its clientele.

Financially, Inco Contracts Limited presents a mixed picture. While revenue increased by a substantial 42%, from £25 million to £36 million, several key metrics have shifted. Current assets have decreased by 59%, falling to £12 million, while net assets have increased by 55%, reaching £4.7 million. Bank borrowings have surged by 18%, rising to £160,000, and cash reserves have increased by 89%, reaching £4.2 million. Creditors have also increased by 62%, reaching £7.2 million. The company’s staff costs increased by 25%, to £1.3 million. A significant exceptional item relating to a HSE fine of £60,000 was recorded. The company's unaudited accounts were prepared by BSS & Co (Accountancy Services) Ltd.

The increase in revenue is a positive sign, suggesting strong demand for its construction services. However, the decrease in current assets and increase in creditors could indicate tighter cash flow management. The increase in bank borrowings also suggests a greater reliance on external financing. The company's size—meeting two of three conditions for a medium-sized company—allows for agility, but the fluctuating financials warrant close monitoring.

Registered in England/Wales under the registration number 07310210, with a registered address at WS11 7LG, England, Cannock, Crestwood House, Hawks Green Lane.

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