Plusspace Construction Ltd

Plusspace Construction Ltd, based in Harrow, UK, is a small, active company founded eight years ago. With just one employee and £29,125 in assets, it operates from a virtual address shared by seventy-two other companies—a bit unusual. The company is led by a single director and owner, Noculak Artur. It boasts a stellar 5.0 Google rating based on three reviews, and is an irregular importer of aluminum and aluminum products, with its last import operation made in March 2023. The company operates in the other business support service activities n.e.c. industries.

The company’s website is minimal, providing little information beyond contact details and a brief description of its services. There's no visible e-commerce functionality, suggesting a business-to-business model focused on direct client engagement rather than online sales. The lack of a detailed website could be a deliberate choice to maintain a low profile or a consequence of limited resources.

Financially, Plusspace Construction Ltd presents a mixed picture. While bank borrowings decreased slightly, cash reserves have plummeted by a staggering 1,100%, leaving just £24,000. Current assets have also fallen by 29%, dropping to £29,000, and trade debtors have shrunk dramatically, decreasing by 86% to a mere £5,300. Perhaps most concerning is the sharp decline in equity, which has swung into negative territory at -£96,000. Creditors, however, have decreased by 7.1%, which could indicate better management of short-term debts. The company’s small size—meeting two of three criteria for a small company—helps it remain flexible, but the significant equity loss raises questions about its financial stability. The accounts are unaudited, a common exemption for small companies.

In conclusion, Plusspace Construction Ltd appears to be navigating a challenging financial landscape. While its Google rating suggests strong customer satisfaction, the declining assets and negative equity point to potential issues. Whether the company can recover from these setbacks remains to be seen, but it will need to address its financial pressures to ensure long-term sustainability.

Registered in England/Wales under the registration number 10428163, with a registered address at CF14 8LH, Cardiff, 10428163 - COMPANIES HOUSE DEFAULT ADDRESS.

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