Paragon Engineered Timber Limited

Paragon Engineered Timber Ltd, based in Neath, UK, is a small, active company founded seven years ago. Employing 40 people, the company holds £1,325,332 in assets and operates from a real address. With three directors and a solo founder, Haren Sean, the company boasts a perfect 5.0 Google rating based on one review. It’s an irregular importer of wood and wood products, with just two months of imports recorded.

The company specializes in the manufacture of other builders’ carpentry and joinery industries, providing engineered timber solutions to the construction sector. Its website showcases a range of products, including roof trusses, engineered open web posi joists, and spandrel panels, and offers installation services. Paragon Engineered Timber actively engages with customers through case studies, a news blog, and a request-a-quote feature. The site highlights its commitment to competitive pricing, fast turnaround times, and a dedicated in-house design team. Testimonials from satisfied customers—including Lovell, Persimmon Homes, and St. Modwen Homes—praise the company's professionalism, reliability, and quality of product and service.

Financially, Paragon Engineered Timber Ltd presents a mixed picture. Accumulated depreciation on property, plant, and equipment has increased by 66%, indicating investment in its operations. However, the number of average employees decreased by 7.5%, and corporation tax payable has surged by 730%, reaching £53,000. Bank borrowings have also increased, with overdrafts rising by 3.7%. On the positive side, cash reserves have doubled to £580,000, and net assets have increased by 41% to £500,000. Creditors have decreased by 31%, suggesting improved financial management. The company meets the criteria for a small business, with turnover less than £10.2 million, assets less than £5.1 million, and fewer than 50 employees. The financial statements are unaudited, likely due to the company's small size.

While the company appears to be financially healthy with increased assets and cash reserves, the rise in corporation tax and bank borrowings could indicate challenges. The decrease in employees may be a strategic decision to improve efficiency, or it could signal potential restructuring.

Registered in England/Wales under the registration number 11141756, with a registered address at SA10 8LF, United Kingdom, Neath, Bronwydd Penscynor, Cilfrew.

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