Nationwide Properties Contractors Ltd

Nationwide Properties Contractors Ltd, based in London, UK, is a small, active company founded five years ago in 2019. It employs three people and holds £567,274 in assets, operating from a virtual address shared by many other businesses—a bit sus, really. The company has three directors and one owner, who is also the solo founder. It’s an irregular importer, primarily bringing in iron or steel products, with just one month of import activity recorded as of August 2024.

The company's website, though not detailed, suggests a focus on construction—domestic buildings, resident property management, and commercial buildings. It seems they’re involved in a bit of everything in the construction industry.

Financially, Nationwide Properties Contractors Ltd presents a mixed picture. Accumulated depreciation on computer equipment increased by 93%, while motor vehicle depreciation saw a massive 130% jump—likely due to new vehicle purchases. Bank borrowings are stable, with current financial instruments holding steady at £10,000, but non-financial instruments dropped by 37% to £17,000. Cash reserves are up 9.5% to £520,000, which is good, and creditors decreased by 35% to £130,000—suggesting they're managing their debts a little better. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay nimble.

The significant increase in depreciation—especially on motor vehicles—could indicate expansion or investment in new equipment. However, the drop in non-financial borrowings suggests they’re not relying as much on loans. The lack of an auditor mentioned (likely exempt as a small company) means the figures are unaudited, so take them with a grain of salt. Overall, Nationwide Properties Contractors Ltd seems to be holding its own, but it's important to keep an eye on those depreciation numbers and see if they continue to rise.

Registered in England/Wales under the registration number 12169248, with a registered address at E14 9FJ, United Kingdom, London, First Floor, 3 Cumbrian House, 217 Marsh Wall.

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