Practical Construction Limited

Practical Construction Limited, based in Stoke-on-Trent, UK, is a small holding company with an active status. Founded fourteen years ago in 2011, it employs just four people and holds assets worth £2,107,111. The company operates from a real address and is overseen by three directors and one owner. It’s an irregular importer, having imported glass and glassware just once in the last five years, back in 2018.

The company’s website showcases its focus on construction services, specializing in new builds, apartments, and house refurbishments. It emphasizes a customer-centric approach, promising bespoke solutions and a design process that customers can appreciate. It’s clear that the company is trying to present a professional image, and the website is well-designed.

Financially, Practical Construction Limited shows a mixed picture. While current assets have increased by 24% to £2,100,000, net assets have fallen by a substantial 38% to £130,000. Bank borrowings have remained stable, but cash reserves have decreased by 21% to £35,000. Trade creditors have increased significantly by 170%, suggesting potential challenges in managing short-term liabilities. The company’s small size (meeting two of three conditions for being a small company) allows for agility, but the decrease in equity is a cause for concern. No auditor is mentioned, likely due to the company’s small size and exemption from an audit.

Overall, Practical Construction Limited seems to be facing some financial pressures, despite its active business and professional presentation. The decrease in equity and increase in trade creditors suggest that the company is burning through cash, although the increase in current assets indicates some positive revenue generation. It's likely that the company needs to carefully manage its cash flow and potentially explore ways to improve its profitability to ensure its long-term sustainability.

Registered in England/Wales under the registration number 07532303, with a registered address at ST4 7QU, Stoke-On-Trent, Staffordshire, Acorn Chambers, 16 Hartshill Road.

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