Masterfix Gb Limited

Masterfix Gb Limited, based in Kennington, London, is a sizable company with a strong presence in the property maintenance sector. Established nineteen years ago, the company employs 122 people and holds assets worth £6,467,026. It operates as a holding company with four directors and one owner, maintaining an active status and boasting a respectable Google rating of 4.0 based on 148 reviews. The company's registered address is real, with only three companies registered at the same location.

Masterfix provides a wide range of services, from reactive maintenance and major refurbishment works to insurance claims reinstatement and technical compliance. They cater to various sectors, including residential, commercial, and hospitality, offering solutions for lettings management, block management, and premium homes. Their website highlights a focus on multi-trade property maintenance, with services encompassing gas heating, electrical work, plumbing, and roofing. The company also has a dedicated division specializing in piano restoration and sales, a surprising and high-end addition to their core business.

Financially, Masterfix shows some concerning trends. While revenue remained steady at £11 million, net assets took a hit, decreasing by 25% to £2.5 million. Bank borrowings increased significantly, rising by 18% to £1.9 million, and cash reserves fell by 84% to £200,000. Creditors, however, decreased by 16%, suggesting some improvement in debt management. The company’s size—meeting two of three criteria for a large company—means it’s not required to have an auditor, so the figures are unaudited.

The decrease in cash reserves and increase in borrowings, combined with the relatively small decrease in creditors, suggests Masterfix may be burning through cash faster than it’s generating it. This could be due to increased operating expenses or investments in the piano restoration division. It's worth noting that the company's focus on diverse services, while potentially a strength, also means it's managing a complex business with many moving parts.

Registered in England/Wales under the registration number 05683294, with a registered address at SE11 4AA, United Kingdom, Kennington, London, Unit 1 & 3 33 Stannary Street.

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