Portable Space Limited

Portable Space Limited, based in Stowmarket, UK, is a medium-sized holding company with an active status. Established 22 years ago in 2002, it employs 67 people and holds assets worth £8,688,835. The company’s yearly revenue reached £24,979,847, reflecting a robust trading performance. With three directors and a single owner, and a real registered address, Portable Space Limited operates as a key player in its sector. The company regularly imports furniture, lighting, and prefabricated buildings (51 months of import activity), and has engaged in irregular exports of similar goods (1 month).

The company’s website details its core business: providing modular building solutions for sale and hire. It caters to commercial and industrial clients, offering a range of portable structures for various applications. The site emphasizes flexibility, quality, and customer service—hallmarks of a modern business.

Financially, Portable Space Limited’s report reveals some interesting trends. While turnover increased by 16% to £25 million, net assets remained relatively stable. However, bank borrowings surged by 400% to £29,000, and cash reserves decreased by 10% to £1.1 million. Creditors decreased by 18%, suggesting improved debt management. The company’s size (meeting two of three criteria for a medium-sized business) allows for agility, but the increase in borrowings warrants attention. The company’s auditor is GMS FC Limited.

The significant increase in bank borrowings could be a sign of investment in growth or a response to rising costs. The decrease in cash reserves, while not alarming, should be monitored closely. Overall, Portable Space Limited appears to be a stable and growing business, but the financial trends suggest a need for careful management.

Registered in England/Wales under the registration number 04447666, with a registered address at IP14 4LE, United Kingdom, Stowmarket, Suffolk, Modular House Unit 1 Bacton Business Park, Bacton.

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