Penkiln Sawmill Company Limited

Penkiln Sawmill Company Ltd, based in Dumfries, UK, is a small, holding company with an active status. Established 40 years ago in 1984, the company employs nine people and holds assets valued at £972,838. It operates from a virtual address, registered at 51 Newall Terrace, a fact highlighted by the presence of thirteen companies at the same location. The business is led by one director and owned by Merchants of Character Holdings Ltd. Google reviews are exceptionally positive, boasting a 5.0 rating based on 18 reviews. The company irregularly imports optical and medical tools and devices, with the last import recorded one month ago in June 2022.

Penkiln Sawmill Company Ltd operates as a timber and builders merchant, serving Wigtownshire, Dumfries, Galloway, and South West Scotland. Its website showcases a wide range of products, from timber and fencing to tools, electrical supplies, and even sheds and garages. The company emphasizes family ownership, dating back to 1983, and prides itself on adaptability and speed of response to customer demands, catering to both trade and DIY customers. The website also highlights the company's efficient sawmilling unit and regular, speedy deliveries throughout the region.

Financially, Penkiln Sawmill Company Ltd presents a mixed picture. Current assets have increased by 7.6% to £970,000, while net assets have grown by a substantial 25% to £410,000. Cash reserves have also increased significantly, rising by 26% to £550,000. However, bank borrowings have decreased by a substantial 92%, and creditors have decreased by 19%. The company’s small size—meeting two of three criteria for being a small company—allows for flexibility. The company’s net current assets have increased by 47%. The lack of an auditor mentioned suggests the company is exempt as a small company.

Overall, Penkiln Sawmill Company Ltd appears to be in a relatively healthy position, with growing assets and a strong customer base. The decrease in bank borrowings and creditors suggests improved financial management. While the company’s irregular import activity remains a factor, its focus on local service and quality products positions it well for continued success.

Registered in Scotland under the registration number SC090886, with a registered address at DG1 1LN, Scotland, Dumfries, 51 Newall Terrace.

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