Parrot Design & Build Ltd

Parrot Design & Build Ltd is a small, holding company based in London, UK, with an active status. Founded six years ago in 2019, the company employs four people and holds £383,632 in assets. It operates from a virtual address, registered at 16a Baker Street, which is shared by fourteen other companies. Two directors and two owners (though the full list may be larger) manage the business. Parrot Design & Build regularly imports furniture, lighting, and prefabricated buildings, with its last import operation occurring three months ago.

The company’s website highlights its role as a “long-established, reputable builder,” delivering construction solutions to the public and private sector throughout Beds, Bucks, and Herts. It emphasizes accreditation across quality, environmental, health & safety, and cybersecurity, showcasing a commitment to compliance. Recent projects include affordable rental homes in Borehamwood and development for BPHA in Bedford. The website also features a careers section and news updates, indicating ongoing recruitment and project milestones. Parrot Construction seems to operate in the construction of domestic buildings, other construction installation, and architectural activities.

Financially, Parrot Design & Build Ltd presents a mixed picture. While cash bank on hand decreased by 35% to £41,000, creditors dropped significantly by 45% to £380,000. Trade debtors also fell by 54%, suggesting better cashflow management. However, net current assets and liabilities have shifted dramatically, with a massive change from -£380 to £2,700. Equity has increased by 110% to £4,700, which is a positive sign, but the decrease in property, plant, and equipment by 25% could be a concern. The company meets the criteria for a small company, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. The absence of an auditor is typical for companies of this size, and the financial statements are unaudited.

Overall, Parrot Design & Build Ltd seems to be navigating some financial challenges, but the reduction in debt and increase in equity offer a glimmer of hope. The company’s focus on quality and accreditation, combined with its active project pipeline, suggests a potential for future growth—though it will need to carefully manage its cashflow and address the decrease in assets.

Registered in England/Wales under the registration number 11943797, with a registered address at W1U 3BL, England, London, 16a Baker Street.

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