Md Developments (london) Limited

Md Developments London Ltd, based in Staines, UK, is a sizable construction company with an active status, established 17 years ago. Employing 17 people and holding assets of £13,478,727, it operates from a virtual address – fourteen companies registered at the same address – and is led by one director and one owner. The company boasts a solid 4.0 Google rating from 37 reviews and regularly exports machinery, boilers, and mechanical appliances, with its last export operation occurring five months ago.

The company’s website paints a picture of a busy construction firm specializing in brickwork services, scaffolding, transportation, and cleaning. It undertakes a wide range of projects, from residential developments like Augusta Park to commercial sites like Fairways in Binfield. The website highlights a commitment to quality, precision, and a flexible, solution-focussed approach, with over 650 professionals involved. It also lists certifications like ISO and CHAS accreditation, demonstrating a focus on safety and industry standards.

Financially, Md Developments London Ltd shows some concerning trends. While turnover increased by 17%, reaching £27 million, net assets declined by 15%, settling at £9.3 million. Bank borrowings increased by 26%, reaching £400,000, and cash reserves dropped 34%, down to £1.1 million. Creditors, however, decreased by 30%, suggesting improved debt management. The company meets two of three criteria to be considered a large company, with turnover over £36 million and balance sheet total over £18 million. The lack of an auditor mentioned suggests unaudited accounts.

The company's reliance on a virtual address and the decrease in cash reserves, despite increased turnover, could indicate challenges in managing cash flow. The continued growth in bank borrowings is also a point of concern. However, the company's focus on quality, certifications, and a large workforce suggests a strong foundation for future success.

Registered in England/Wales under the registration number 06274496, with a registered address at TW18 4XS, Staines, Middlesex, Old Bank House, 57 Church Street.

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