Millbrook Timber Limited

Millbrook Timber Limited, based in Bletchingley, UK, is a small, active company established thirteen years ago in 2011. With just two employees and £4,834 in assets, it operates from a virtual address – fifty other companies share the same location – and is overseen by one director and owner. The company is an irregular importer of wood and wood products, with its last import activity recorded one month ago in February 2022.

The company's activities are focused on agents involved in the sale of timber and building materials. It's a small business, meeting two of the three criteria to be classified as such: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees. The company's website is non-existent, so it's difficult to determine if it operates an e-commerce platform or relies solely on wholesale channels.

Financially, Millbrook Timber Limited presents a concerning picture. Current assets have fallen by 32% to £4,800, and net assets have plummeted 130% to -£1,300. Bank borrowings have increased significantly, and cash reserves have dwindled. Trade debtors have decreased substantially, suggesting a possible effort to manage payments, but overall, the company is experiencing a significant drain on its equity. The lack of employees (just one reported) indicates a lean operation, but the sharp decline in assets raises questions about its financial stability. With no auditor mentioned, the figures are unaudited, which is typical for a small, exempt company.

It seems like the company is facing some financial pressures, and it's burning through money. It’s difficult to say exactly why, but the irregular import activity and lack of a visible online presence might be contributing factors.

Registered in England/Wales under the registration number 07822551, with a registered address at RH1 4QP, Bletchingley, Surrey, The Granary, Brewer Street.

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