Panelcraft Uk Limited

Panelcraft UK Limited, based in Swindon, UK, is a small, active company established eighteen years ago in 2006. With nine employees and £435,773 in assets, it’s a well-established local business. The company, founded and run by a single director and owner, Mackinnon John William, holds a stellar 5.0 Google rating from 145 reviews, a testament to its reputation. It operates from a real address and irregularly imports machinery, boilers, and mechanical appliances, with the last import activity recorded over four years ago in July 2018. Panelcraft UK specialises in the maintenance and repair of motor vehicles.

The company’s website is minimal, offering little insight beyond its core service. It doesn't appear to be an e-commerce operation, suggesting a focus on direct customer interaction and local business.

Financially, Panelcraft UK’s recent performance shows some concerning trends. Current assets have decreased by 13% to £440,000, while net current assets have fallen by 24% to £160,000. Bank borrowings have increased by 21% to £81,000, and cash reserves have dropped 30% to £44,000. Trade debtors have also increased significantly, up 6.7% to £390,000. On a positive note, creditors have decreased by 20%, suggesting improved debt management. The company’s small size (meeting two of three criteria for a small company) helps it remain flexible, but the decline in equity and cash reserves is notable. The company is exempt from an audit, so the financials are unaudited.

The increase in bank borrowings and decrease in cash reserves could indicate the company is burning through money, perhaps due to rising costs or a slowdown in business. However, the decrease in creditors suggests that the company is managing its short-term debts effectively. The company's long-term success will depend on its ability to stabilise its finances and maintain its excellent customer reputation.

Registered in England/Wales under the registration number 05959761, with a registered address at SN2 1EG, Swindon, Wiltshire, Scuderia House Newcombe Drive, Hawkesworth Trad Estate.

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