Mcgoff Construction Limited

Mcgoff Construction Ltd, based in Altrincham, UK, is a substantial player in the construction industry. Established 51 years ago in 1973, this holding company boasts 94 employees and manages assets worth £25,591,235, generating a yearly revenue of £41,084,347. Despite having a registered address, it's flagged as a virtual address, with 38 companies registered at the same location, which is a bit unusual. The company is led by five directors and has one owner, though the list of owners was changed three years ago. Google reviews give it a rating of 3.0 based on 12 reviews.

The company specializes in the construction of domestic and commercial buildings, working particularly in the care and residential sectors. It’s a multi-award winning business sitting at the heart of the McGoff Group, delivering new build and turnkey development solutions. Key projects include working with Barchester Healthcare, completing a large apartment development in Salford, and partnering with New Care across the North West and Midlands. The company even has a recruitment hub and newsroom, demonstrating a focus on growth and talent acquisition.

Financially, Mcgoff Construction Ltd presents a mixed picture. While turnover remained steady at £41 million, net assets decreased by a significant 48% to £1.9 million. Bank borrowings were reduced by 11% to £3.6 million, and cash reserves fell by 51% to £660,000. Interestingly, administrative expenses decreased substantially by 42%, suggesting cost-cutting measures. However, the increase in accrued liabilities by 39% and amounts owed to directors by 72% could indicate short-term financial pressures. The company’s average number of employees dropped by 26%, which might be a result of restructuring or changing project demands. The company’s auditor is Freedman Frankl & Taylor.

Mcgoff Construction Ltd is an established, sizable business, but the recent financial trends suggest a need for careful management. The company’s virtual address and irregular import/export activity (none imported, electrical machinery exported for just one month) also raise some questions about its operational structure.

Registered in England/Wales under the registration number 01127310, with a registered address at WA14 5UA, United Kingdom, Altrincham, 1 St. Georges Court, Altrincham Business Park.

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