Ofp Timber Framed Homes Ltd

Ofp Timber Framed Homes Ltd, based in Kings Hill, UK, is a large, active company founded 20 years ago. Employing 88 people, it boasts £3,868,576 in assets and generates £13,641,040 in yearly revenue. The company operates from a virtual address, managed by nine directors and one owner. It has a respectable Google rating of 4.0 based on eight reviews, and regularly imports wood and wood products, with the last import operation made in July 2023.

The company specializes in the manufacture of other products of wood, electrical installations, and roofing activities. It’s a sizable operation, meeting two of three criteria to be considered large: turnover exceeding £36 million and a balance sheet total over £18 million. Its current assets are reported at £3,868,576, and the revenue is £13,641,040. The company's address is probably virtual, as twenty-three companies registered at the same address.

Financially, Ofp Timber Framed Homes Ltd presents a mixed picture. While turnover remains strong, several key metrics have declined. Current assets have fallen by 25%, dropping to £3,900,000. Net assets have also decreased, and bank borrowings have increased by 8.7%, reaching £200,000. Cash reserves have significantly shrunk, falling to just £310. The company’s staff numbers have also reduced, from 88 to 79. The company’s auditors are Kreston Reeves LLP.

Despite these challenges, Ofp Timber Framed Homes Ltd appears to be holding its own. The company's long-standing presence and solid reputation, as reflected in its Google rating, suggest resilience. The increase in director remuneration, up 43%, could indicate investment in leadership or a response to increased workload. However, the drop in cash reserves and rising bank borrowings warrant close monitoring, and the company should consider strategies to improve its liquidity.

Registered in England/Wales under the registration number 05390125, with a registered address at ME19 4AB, England, Kings Hill, Kent, 4 Abbey Wood Road.

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