Plankbridge Ltd

Plankbridge Ltd, based in Dorchester, UK, is a small, active company established fifteen years ago. With thirty-seven employees and £306,696 in assets, it operates from a real address and is overseen by one director and two owners. The company is known for its irregular import of wood and wood products (one month of activity) and its irregular export of furniture, lighting, and prefabricated buildings (also one month). Plankbridge specializes in crafting shepherd’s huts and cabins, delivering them worldwide and catering to diverse needs, from guest rooms to workspaces and wellness retreats. Their website showcases a range of options, including bespoke designs and even a partnership with THE PIG hotel group.

The company's website highlights a focus on handcrafted quality and a revival of traditional shepherd's hut design, with a strong emphasis on British craftsmanship. It’s clear they’re targeting a premium market, offering unique and stylish living spaces.

Financially, Plankbridge Ltd presents a mixed picture. Current assets have decreased by 47%, falling to £310,000, while net assets have also declined, dropping 29% to -£570,000. Bank borrowings have surged by a remarkable 910%, reaching £460,000—a significant increase. Cash reserves have plummeted 98%, leaving just £840. Creditors have decreased by 64%, suggesting better management of existing debts. The company meets the criteria for a small business, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. The lack of an auditor mentioned likely reflects its status as a small, exempt company.

The sharp increase in bank borrowings and the drastic reduction in cash reserves are concerning, suggesting the company may be burning through cash faster than it’s generating revenue. It’s possible that investments in new designs or expansion efforts are responsible, but the figures indicate a need for careful financial management. Despite these challenges, Plankbridge’s unique product offering and strong brand image could help it weather the storm, but a close eye on its financial health is crucial.

Registered in England/Wales under the registration number 06895655, with a registered address at DT2 7TH, England, Dorchester, Dorset, The Grain Store Carters Barn Farm, Piddlehinton.

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