Proper Homes Ltd.

Proper Homes Ltd is a small, active company based in Wolverhampton, UK, established nine years ago in May 2016. The company, with two employees and £21,762 in assets, operates from a real address at 21 Newbridge Avenue and is a family business run by a single director and two owners. It’s a modest operation, meeting two of three criteria to be classified as small: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees. The company is primarily involved in the construction of domestic buildings. It also functions as an irregular importer, with its top import category being Iron or Steel Products, totaling one month of imports, the last operation conducted in January 2022.

The company’s website is not available, so it’s difficult to assess its online presence or e-commerce activities.

Financially, Proper Homes Ltd presents a mixed picture. Current assets have significantly decreased by 80%, dropping from £110,000 to £22,000. This decline is mirrored in net assets, which have fallen by 38% to £22,000. Cash bank on hand has also plummeted by 82%, down to just £94. However, trade debtors have seen a massive increase of 7000%, reaching £22,000, which could indicate a shift in payment terms or a backlog of outstanding invoices. Creditors have also decreased significantly by 98%, down to £1,800, suggesting improved debt management. The company’s small size helps it remain nimble, but the substantial drop in equity and cash reserves warrants closer attention. The accounts are unaudited, as is typical for small companies, and no auditor is mentioned.

The company’s financial data suggests it may be burning through cash, though the increase in trade debtors could be a temporary factor. It’s likely that Proper Homes Ltd is navigating the challenges common to small, family-run construction businesses, balancing growth with financial stability.

Registered in England/Wales under the registration number 10162050, with a registered address at WV6 0LW, England, Wolverhampton, West Midlands, 21 Newbridge Avenue.

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