Passiframe Limited

Passiframe Ltd, based in Lydney, UK, is a small, active company founded eight years ago. With five employees and £358,864 in assets, it’s a solo-founded operation led by a single director and owner. The company boasts a stellar 5.0 Google rating from six reviews. It's an irregular importer, primarily dealing with electrical machinery and equipment, with its last import operation recorded 20 months ago.

Passiframe specializes in low-energy timber frame construction, offering solutions for both residential and commercial projects. Its website highlights a commitment to Passivhaus standards, emphasizing efficiency, sustainability, and comfort. The company offers a range of services, including timber frame construction, low-energy building design, and airtightness solutions. It even has a blog with helpful information for potential clients. The company’s focus is on building for the future, combining experience and qualifications to deliver high-quality, energy-efficient builds.

Financially, Passiframe Ltd shows a mixed picture. Current assets increased by 11%, reaching £360,000, while net assets grew by 33%, hitting £110,000. However, bank borrowings increased by 2.6%, reaching £10,000, and cash reserves plummeted 87%, leaving just £1,600. Creditors also rose by 9.6%, reaching £78,000, which may be related to the increased bank borrowings. The company meets two of three criteria to be considered small (turnover under £10.2m, assets under £5.1m, and fewer than 50 employees). With no auditor mentioned, the financial statements are unaudited.

The company’s growth in assets and net assets is encouraging, but the decrease in cash reserves and increase in debt suggest it may be investing heavily in its operations. It's likely that the company is burning through money to expand its business, but it's also possible that the increase in debt is a result of increased sales. The company’s small size and focus on a niche market—Passivhaus construction—allow it to be agile and responsive to changing customer needs, but it will need to manage its finances carefully to ensure its long-term success.

Registered in England/Wales under the registration number 10416299, with a registered address at GL15 4EJ, United Kingdom, Lydney, Gloucestershire, Unit 160b Lydney Harbour Estate, Harbour Road.

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