Mib Construction Ltd

MIB Construction Ltd, based in London, UK, is a small, active company founded nine years ago in 2015. With five employees and £811,561 in assets, it’s a modest operation overseen by one director and two owners. The company boasts a perfect 5.0 Google rating based on a single review. It’s a regular importer of furniture, lighting, and prefabricated buildings, with 16 months of import activity recorded, the last in October 2023.

MIB Construction operates as a principal contractor for residential and commercial developments, specializing in new builds, renovations, and conversions. Its website highlights a full range of building services, from design and planning to construction and handover. The company works with architects and interior designers, often focusing on listed buildings, and emphasizes a commitment to excellence and on-time project completion. It has delivered over 100 projects, ranging from full refurbishments to new build properties.

Financially, MIB Construction Ltd presents a mixed picture. Accumulated depreciation for motor vehicles increased by 20% to £19,000, while plant machinery depreciation also rose by 20% to £50,000. Amounts owed to directors surged by a significant 96% to £67,000. However, cash bank on hand plummeted 60% to £18,000. Creditors increased by 38% to £560,000, and trade debtors jumped 64% to £420,000. It’s a small company, meeting two of three criteria for classification (turnover under £10.2m, assets under £5.1m, and fewer than 50 employees), and it’s likely exempt from a full audit. The decrease in cash reserves and increase in debt are concerning, but the company’s focus on specialized construction and its track record of completed projects suggest it’s navigating these challenges. The company’s equity increased by 15%, which is a positive sign.

Registered in England/Wales under the registration number 09725395, with a registered address at NW2 2JN, United Kingdom, London, 701 Finchley Road, Barnet.

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