Paraph Property Improvement Ltd

Paraph Property Improvement Ltd is a small, active company based in Mansfield, UK, founded five years ago in January 2020. With three employees and £12,261 in assets, it’s a solo-founded operation run by a single director and owner, Ketenci Ali. The company is regularly importing furniture, lighting, and prefabricated buildings – eleven months of import activity were recorded, the latest in July 2023.

The company's website positions it as an "innovative, professional refurbishment company" offering interior design, building refurbishment, joinery, and related services. It caters to both residential and commercial clients, emphasizing quality workmanship and customer satisfaction. The site even features positive reviews from past clients, highlighting Ketenci Ali’s knowledge and the company’s valuable asset to clients. The website also manages cookie consent, which is a nice touch.

Financially, Paraph Property Improvement Ltd’s numbers paint a mixed picture. Current assets have fallen by a significant 53%, dropping to £12,000, while net assets have also declined, though less dramatically, to £380. Bank borrowings have decreased by 31%, and cash reserves have plummeted 46% to just £4,300. However, creditors have also fallen by 31%, suggesting better debt management. The company meets two of the three criteria to be considered small (turnover under £10.2m, assets under £5.1m, and fewer than 50 employees), which allows it to operate with less regulatory burden. The unaudited figures, prepared using VT Final Accounts software, rely on director-reported data.

Despite the decline in assets, the company’s focus on specialized refurbishment services and positive client testimonials suggest a potential for future growth. However, the decrease in cash reserves and increase in other creditors are concerning and may require careful management.

Registered in England/Wales under the registration number 12399268, with a registered address at NG18 3DH, England, Mansfield, 74a Carter Lane.

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