Pave-aways Limited

Pave Aways Ltd, based in Oswestry, UK, is a well-established company with a 51-year history. This large company, holding company, and active status employs 89 people and boasts assets of £10,555,942, with a yearly revenue of £20,561,672. It’s managed by four directors and has one owner, and maintains a solid 4.0-star rating on Google based on eight reviews. The company is an irregular importer, primarily dealing with iron or steel products, with the last import operation occurring one month ago.

Pave Aways operates as a construction business, focusing on civil engineering, building, and construction work. Its website highlights a commitment to delivering high-quality projects, from leisure centres to school extensions, and emphasizes values like safety, integrity, teamwork, excellence, and sustainability. The company's projects range from refurbishing Wellington Leisure Centre to constructing new science blocks at schools, showcasing a diverse portfolio. They even have a project restoring the historic William Salt Library.

Financially, Pave Aways appears to be navigating some changes. While cash bank on hand increased significantly by 60% to £3.5 million, turnover revenue decreased by 9.1% to £21 million. Net assets also decreased by 14% to £5.5 million. Bank borrowings increased by a staggering 2,400%, reaching £29,000, and cash reserves fell 30% to £28,000. It’s worth noting that administrative expenses increased by 24%, and the company’s average number of employees decreased by 16% to 75. The company is meeting two of three criteria for a large company, with turnover more than £36 million, balance sheet more than £18 million, and employees more than 250. The accounts are audited by D.R.E. & Co. (Audit) Limited.

These shifts could be attributed to various factors, such as fluctuating market conditions or project delays. The decrease in employees might reflect a strategic move to streamline operations, while the increased bank borrowings could indicate investment in new projects or equipment. It's likely that Pave Aways is adapting to ongoing challenges within the construction industry.

Registered in England/Wales under the registration number 01136997, with a registered address at SY10 8HQ, Oswestry, Shropshire, Avenue Mill, Knockin.

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