Kirkwood Timber Frame Limited

Kirkwood Timber Frame Ltd from Aberdeen UK: a small, active company founded three years ago, employs 40 people, and holds £3,473,000 in assets. It operates from a virtual address – registered at an address shared by sixty-three other companies – and is led by seven directors and a solo founder. The company regularly imports machinery, boilers, and mechanical appliances, with parts imported for the last four months.

The company’s website showcases Kirkwood Timber Frame as a leading provider of timber frame solutions across the UK, boasting over 40 years of experience. They cater to a wide range of clients, including commercial developers, affordable housing providers, architects, and self-builders. The site highlights their "FastBuild" systems, modern manufacturing processes, and commitment to sustainability. They offer various services, from full kit supply to installation, and even provide structural kits with or without pre-fitted windows. The website also features case studies, project galleries, and a team directory, emphasising their expertise and customer focus.

Financially, Kirkwood Timber Frame Ltd’s recent performance presents a mixed picture. While cash bank holdings increased slightly to £640,000, debtors have surged by a significant 49%, reaching £2,100,000 – a possible sign of delayed payments or an expansion of credit terms. Creditors also increased by 23%, reaching £6,300,000. Equity, however, has worsened, dropping 32% to -£410,000. The company’s average number of employees has risen by 18% to 47, suggesting growth, but also potentially increased operating costs. Future minimum lease payments have also increased by 26% to £1,300,000. The company’s small size – meeting two of three criteria for a small company – allows for agility, but the declining equity raises concerns. The financial statements were audited, and Johnston Carmichael LLP served as the auditor. It’s clear that while the company is active and growing, it’s facing some financial pressures, and the increased reliance on bank borrowings could be a concern.

Registered in Scotland under the registration number SC712246, with a registered address at AB10 1HA, United Kingdom, Aberdeen, Johnstone House, 52-54 Rose Street.

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