Marsom Driveways Ltd

Marsom Driveways Ltd, based on Canvey Island, UK, is a small, active company established ten years ago. With fifteen employees and £192,967 in assets, it’s a family-run operation led by a solo founder and single director. The company holds a respectable 4.0 Google rating based on 29 reviews, suggesting a positive customer experience. It operates from a real address and is a irregular importer, bringing in stone, plaster, cement, and similar materials for around two months of the last year, with the last import occurring in early August. The company’s core business involves the construction of roads and motorways.

While the company’s website is minimal, it’s clear Marsom Driveways Ltd focuses on driveways and paving services. It doesn’s appear to be an e-commerce business, instead relying on direct customer contact and local advertising.

Financially, Marsom Driveways Ltd shows a mixed picture. Current assets have decreased significantly by 42%, dropping to £190,000. Bank cash has also fallen sharply, down 49% to £56,000. Trade debtors have plummeted by a substantial 81%, leaving just £34,000 outstanding. However, creditors have also decreased by 14%, suggesting improved debt management. 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 it to remain flexible. The significant drop in equity, however, from £250,000 to £200,000, raises some concerns about the company’s financial health. The company is exempt from an audit, so the figures are unaudited.

The company’s reliance on cash and the decrease in assets suggests it might be burning through money faster than it’s bringing it in, but the decrease in creditors is a positive sign. It’s likely the company is facing some challenges, but its established reputation and local presence should help it weather the storm.

Registered in England/Wales under the registration number 09459128, with a registered address at SS8 0PR, England, Canvey Island, Essex, Yard 7a Mulberry Road.

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