Penrith Joinery Contractors Limited

Penrith Joinery Contractors Limited is a small, active family business based in Barnet, UK. Founded twelve years ago in 2012, the company employs three people and holds assets valued at £482,702. It operates from a virtual address, registered at 42 Lytton Road, which is shared by 183 other companies. Three directors and two owners manage the business, which specializes in joinery installation and other specialized construction activities. They are also an irregular importer, having imported iron or steel products for two months, with the last import occurring in June 01, 2022.

The company’s website showcases a range of commercial joinery services, particularly its work on large-scale projects like Everton Football Stadium and Manchester Airport. They offer bespoke joinery, cabinetry, and full-package contracting services, catering to hotels, shopping centers, and other commercial properties. The website highlights their expertise in fire door installation, with IFC certification and third-party accreditation. They even have a showroom in Harrods, London.

Financially, Penrith Joinery Contractors Limited shows some concerning trends. Current assets have decreased by 25%, falling to £480,000, while net assets have dropped by 28%, now at £140,000. Bank borrowings have also decreased by 18%, settling at £230,000. However, trade debtors have increased by 7.9%, suggesting potential issues with customer payments. Creditors have also increased by 74%, which could indicate increased reliance on short-term financing. The company's small size—meeting two of three criteria for being a small company—allows for flexibility, but the decline in equity warrants closer attention. As a small company, they are exempt from an audit, so the financial statements are unaudited. It’s likely that the company is struggling to maintain its assets.

Registered in England/Wales under the registration number 08302203, with a registered address at EN5 5BY, United Kingdom, Barnet, Hertfordshire, 42 Lytton Road.

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