Partners Development Ltd

Partners Development Ltd is a small, active company based in Leeds, UK, founded four years ago in 2020. It employs just two people and holds £53,564 in assets, operating from a real address shared by six other companies. With two directors and two owners, the company is involved in the development of building projects, and it’s an irregular importer of stone, plaster, cement, and similar materials—with just two months of import activity recorded as of February 2023.

The company’s website showcases a range of residential developments in Calgary and Okotoks, Alberta, Canada. It focuses on townhomes, condos, and duplexes, emphasizing low-maintenance living, Rocky Mountain views, and family-friendly communities. Lawrie Park condos, in particular, are marketed towards those seeking a simplified lifestyle with amenities like underground parking and insuite laundry. The website also highlights quick possession homes and a focus on sustainable building practices.

Financially, Partners Development Ltd’s recent report shows some concerning trends. Cash bank on hand dropped significantly by 86% to just £360, and net assets declined by 99% to a mere -£180. Creditors decreased by 49% to £54,000, suggesting improved debt management, but the substantial drop in equity is a cause for concern. Bank borrowings increased by 120% to £1,200, and trade debtors rose by 5%, indicating potential issues with customer payments. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. There's no auditor mentioned, which is typical for small companies.

While the company’s development projects appear well-marketed and in demand, the financial data suggests it’s burning through cash. Whether this is a temporary phase or a longer-term challenge remains to be seen—but for now, Partners Development Ltd is relying on its development pipeline and sales to stay afloat.

Registered in England/Wales under the registration number 12977008, with a registered address at LS27 8RT, England, Leeds, 150 Albert Road, Morley.

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