Priory Mechanical Services Limited

Priory Mechanical Services Limited, based in Whyteleafe, UK, is a medium-sized holding company with an active status, celebrating 51 years since its establishment in 1973. The company employs 53 people and boasts assets of £6,998,123, generating a revenue of £20,002,098 annually. With five directors and one owner, it operates from a real address and holds a respectable Google rating of 4.0 based on three reviews. It's an irregular importer, primarily dealing in furniture, lighting, and prefabricated buildings, with a recent import activity recorded one month ago.

The company’s website paints a picture of a multidiscipline building services contractor operating in London and the surrounding areas. Priory Engineering Comfort, as it's known online, focuses on design, installation, and maintenance, catering to both commercial and residential projects. They emphasize long-term partnerships and a family-run approach, offering CAD and Revit services alongside traditional mechanical and electrical work. The website showcases a broad project portfolio, highlighting expertise in various sectors, and even features testimonials from satisfied clients.

Financially, Priory Mechanical Services Limited presents a mixed bag. While cash bank on hand increased significantly by 69% to £1.7 million, net assets also saw a substantial rise of 41% to £2 million. However, administrative expenses grew by 4.5% to £2.6 million, and bank borrowings increased, suggesting a reliance on external financing. Trade debtors have also risen by 28%, which could indicate challenges in collecting payments. Despite these pressures, the company’s turnover increased by 12% to £20 million, demonstrating continued demand for its services. The lack of an auditor mentioned suggests the company is exempt from a full audit, relying on unaudited financial statements.

The company’s growth and expansion, combined with increased expenses, will be something to keep an eye on. It seems like they are doing well, but it’s important to monitor their debt levels and cash flow.

Registered in England/Wales under the registration number 01117894, with a registered address at CR3 0BL, England, Whyteleafe, Surrey, Priory House, 479 Godstone Road.

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