Petal Postforming Limited

Petal Postforming Ltd, based in Irvinestown, Northern Ireland, is a small, holding company with an active status, celebrating 45 years in business. Employing 52 people, the company holds assets valued at £1,905,225 and maintains a real address at 10 Dromore Road. With six directors and one owner, Petal Postforming boasts a stellar Google rating of 5.0 based on four reviews. It’s an irregular importer, primarily dealing with miscellaneous metal items, with just one month of import activity recorded dating back to 2017.

The company specialises in the manufacture of builders' carpentry and joinery industries, offering a range of cubicle systems, duct and access panel systems, lockers, and vanity systems. Its website highlights a focus on commercial washrooms, with a particular emphasis on design and durability. Petal also offers design plus options, aiming to inject "wow factor" into commercial spaces. The company has offices in London and Dublin, in addition to its Northern Ireland base.

Financially, Petal Postforming shows a mixed picture. Current assets have increased by 11% to £1,900,000, while net assets have remained stable at £1,300,000. However, bank borrowings have stayed constant at £110,000, and cash reserves have fallen by a significant 72% to £66,000. Trade debtors have increased by a substantial 91% to £670,000, which could indicate a growth in sales but also potential issues with collecting payments. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the decrease in cash reserves warrants attention. The company is exempt from an audit as a small company, so the figures are unaudited.

The company’s directors are Monaghan Kathleen Mary, Monaghan Sarah Agnes, Monaghan Maurice Dominic, Monaghan Patrick Joseph, and Monaghan Patrick Joseph. It's clear that the Monaghan family is central to the business.

Registered in Northern Ireland under the registration number NI014306, with a registered address at BT94 1GZ, Irvinestown, Tyrone, 10 Dromore Road, Drumharvey.

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