Myriad Construction Limited

Myriad Construction Limited, based in Tunbridge Wells, UK, is a small, active company established 14 years ago. With four employees and £425,768 in assets, it operates from a virtual address and is led by one director and owner. The company regularly imports wood and wood products, with recent activity recorded in November 2024. It’s a private limited company registered in England/Wales, specializing in the development of building projects.

The company’s website, while not providing detailed e-commerce functionality, highlights its construction services. It’s unclear if there’s a direct online sales component, but the site serves as a portfolio and contact point for potential clients. The company’s focus appears to be on securing projects rather than direct online sales.

Financially, Myriad Construction Limited presents a mixed picture. Current assets have increased by a solid 37% to £430,000, while cash reserves have more than doubled to £140,000 – a positive sign. However, creditors have risen significantly by 55% to £330,000, suggesting increased reliance on credit. Trade debtors have also surged by 110% to £250,000, which could indicate difficulties in collecting payments or a strategy to offer more extended credit terms to clients. The company’s size (meeting two of three criteria for being small) allows for flexibility, but the rise in debt warrants attention. The company is exempt from an audit, so the figures are unaudited.

The increase in other creditors by a staggering 220% to £120,000 and a rise in other debtors by 76,000% to £46,000 are also notable. The company’s financial statements are prepared in accordance with Financial Reporting Standard 102, and the director acknowledges their responsibilities under the Companies Act.

Registered in England/Wales under the registration number 07562885, with a registered address at TN4 9PH, Tunbridge Wells, Kent, 76 St Johns Road.

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