Irem General Contractor Uk Limited

Irem General Contractor Uk Limited, based in London, is a small, active company established fifteen years ago in 2009. With just one employee and £148,388 in assets, it operates from a virtual address shared by seventy-eight other companies—a potential red flag. The company is led by a single director, Hughes Paul Joseph, and notably, has no registered owners, which is unusual. It’s an irregular importer, bringing in clothing and accessories, not knitted or crocheted, for a short period, with the last import occurring in September 2024.

The company’s website reveals a much larger operation: Irem General Contractor SRL, part of the Irem Group, a Romanian company founded in 2016. This division specializes in civil and industrial construction, particularly for the gas, petroleum, and water industries. It boasts over 500 employees and its own transport and equipment. The Romanian arm provides a wide range of services, from designing and fabricating metal structures to installing electrical systems and constructing pipelines. It’s a full-service construction firm, catering to projects ranging from chemical plants to offshore platforms.

Financially, Irem General Contractor Uk Limited presents a mixed picture. Cash reserves have dramatically increased by 2900%, reaching £140,000, a positive sign. However, net assets have improved by 45%, sitting at -£160,000. Liabilities have also decreased, suggesting better debt management. Trade creditors have increased, which could indicate a need for increased working capital. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the significant equity decline raises questions. The company is exempt from an audit, so the figures are unaudited.

It's clear that the UK operation is likely a smaller, UK-based arm of the larger Romanian entity. Whether it’s a sales office, a project management hub, or something else remains unclear. The financial data suggests the UK operation is currently burning through money, but the dramatic increase in cash reserves could indicate a recent influx of funds or a temporary situation.

Registered in England/Wales under the registration number 06916107, with a registered address at SW1H 0DB, United Kingdom, London, Suite 5, 7th Floor 50 Broadway.

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