Pentland Homes Limited

Pentland Homes Ltd, based in Folkestone, UK, is a large, active family business founded 53 years ago in November 1971. With 53 employees, the company holds £48,022,510 in assets and generates £20,933,398 in yearly revenue. It’s managed by nine directors and owned by Tory James Nettlam and Tory Peter Nettlam, and operates from a real address in Folkestone. The company’s primary focus is the construction of domestic buildings, and it occasionally imports wood and wood products, though its import activity is irregular, with the last operation occurring two months ago in June 2022.

The company’s website showcases its developments and highlights "The Pentland Difference," emphasizing sustainability and customer stories. It offers a mortgage calculator and details its completed developments, land requirements, and self-build options. The site also features a news section and a customer testimonials page, all designed to attract potential homebuyers. It's clear the company is actively marketing its new homes and services, with a focus on quality and customer satisfaction.

Financially, Pentland Homes Ltd shows some concerning trends. While current assets remain strong at £48,022,510, net assets have declined by 7.5% to £23,000,000. Bank borrowings have increased significantly by 71%, reaching £12,000,000, and cash reserves have fallen by 59%, leaving just £1,900,000. Trade debtors have also decreased by 60%, suggesting a potential issue with customer payments. Despite these challenges, the company’s turnover remains robust at £20,933,398, indicating continued demand for its homes. The lack of an auditor mentioned suggests the company is exempt from an audit, and the figures are unaudited.

Overall, Pentland Homes Ltd is a well-established family business facing a period of financial pressure. The increase in borrowing and decrease in cash reserves could be a result of rising construction costs or slowing sales, but the company’s strong turnover suggests it remains a viable operation. It's likely the company is working to manage its finances and maintain its position in the competitive housing market.

Registered in England/Wales under the registration number 01031651, with a registered address at CT18 8FA, Folkestone, Kent, The Estate Office Canterbury Road, Etchinghill.

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