Kovara Projects Limited

Kovara Projects Ltd from Wallingford UK is a large, active company founded 20 years ago. Employing 36 people, it boasts £6,564,688 in assets and a yearly revenue of £20,427,770. The company, with a real address, is led by three directors and owned by two individuals, and operates as a family business, maintaining a stellar 5.0 Google rating based on four reviews. It’s a regular importer of aluminum and aluminum products, with recent activity recorded in May 2024.

The company’s website highlights its role as a commercial roofing and cladding contractor, showcasing a portfolio of projects across the UK. From schools and industrial sites to racecourses and showrooms, Kovara Projects undertakes diverse construction and refurbishment work. The website’s design is professional, with a clear focus on services offered and a gallery of completed projects. It’s evident that the company is targeting commercial clients and emphasizing quality workmanship.

Financially, Kovara Projects Ltd presents a mixed picture. While turnover increased by 26%, reaching £20 million, net assets decreased by 17% to £3.1 million. Bank borrowings increased by 12%, reaching £160,000, and cash reserves fell 15% to £1.0 million. Creditors also rose by 26%, suggesting potential short-term financial pressures. The company meets two of three criteria to be considered a large company, indicating a substantial operation. The accounts are unaudited, and no auditor is mentioned.

The increase in administrative expenses by 26% could be a result of increased activity and staffing costs. The surge in bank borrowings, however, raises questions about the company’s liquidity. Despite these challenges, the company’s strong reputation and diverse project portfolio suggest a resilient business model. It's likely that the company is investing in growth, but careful financial management will be crucial to ensure long-term stability.

Registered in England/Wales under the registration number 05177155, with a registered address at OX10 9TA, England, Wallingford, Oxfordshire, 9 Thames Park, Lester Way.

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