Project Heaven Restoration Ltd

Project Heaven Restoration Ltd, based in Peterborough, UK, is a small, active company founded four years ago. With 12 employees and £134,733 in assets, the firm operates from a real address and is managed by three directors and two owners, holding a stellar 5.0 Google rating from 15 reviews. It’s an irregular importer, primarily dealing in vehicles, parts, and accessories, with the most recent import activity occurring in July 2024.

The company’s website showcases a highly specialized business: classic and vintage car restoration. Project Heaven offers a full spectrum of services, from complete restorations and paint shop perfection to engine and gearbox specialist work, CNC component manufacture, and even electric vehicle conversions. It caters to prestigious brands like Ferrari, Maserati, Jaguar, and Aston Martin, emphasizing extensive knowledge, exacting standards, and in-house expertise. The website also highlights a large workshop covering 10,000 sq ft and a team of restoration specialists.

However, a deeper look at the financial data reveals some concerning trends. While the company’s turnover isn’t explicitly stated, it's a small company, meeting two of three criteria for size. Current assets have fallen significantly by 41%, dropping to £130,000, and net assets have plummeted a staggering 150%, resulting in a negative balance of -£51,000. Bank borrowings have increased substantially, reaching £9,400, while cash reserves have dwindled to a mere £120. Creditors have risen by 35%, suggesting increased reliance on short-term financing. Despite these challenges, trade debtors have decreased, possibly indicating improved collection efforts. The company’s small size allows for agility, but the sharp decline in equity is a cause for concern. There's no mention of an auditor, which is likely due to the company’s exemption as a small entity.

Overall, Project Heaven Restoration Ltd appears to be navigating a difficult financial period. While its reputation for high-quality restoration work remains strong, the company needs to address its declining equity and manage its cash flow to ensure long-term sustainability.

Registered in England/Wales under the registration number 13289190, with a registered address at PE8 5DA, England, Peterborough, 2 Quarry Cottage, Apethorpe.

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