Proven Project Construction Ltd

Proven Project Construction Ltd, based in London, UK, is a small, active company established eight years ago in 2017. Employing five people, the firm holds £2,470,236 in assets and operates from a real address in Finchley. With three directors and three owners – Heffernan Michael, Hoque Mahfuzul, and Oconnell Denis Anthony – the company focuses on construction projects, specializing in utility projects for fluids, other civil engineering, and electricity/telecommunications.

The company’s website highlights its expertise as district heating contractors, offering integrated problem-solving and pioneering innovations like GoPro recordings for quality assurance and phased array testing of welds. They’re involved in several large-scale projects, including connections to the US Embassy and regeneration schemes in Park Royal and Clapham Park, even operating in Ireland. Their services range from design and installation to maintenance and repairs, catering to both residential and commercial clients.

Financially, Proven Project Construction Ltd shows a mixed picture. Current assets have increased by 47%, reaching £2.5 million, while net assets have seen a dramatic 240% increase to £850,000. However, bank borrowings have decreased by -1.7% to £10,000, and cash reserves have fallen by -5.6% to £860,000. Creditors have also increased by 9.8% to £1.8 million. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the increased creditors suggest a reliance on external financing. The lack of an auditor mentioned (likely exempt as a small company) means the figures are unaudited. The company’s irregular import and export activity – importing electrical machinery for one month and exporting rubber products for one month – suggests a niche, project-based approach to international trade.

Registered in England/Wales under the registration number 10679195, with a registered address at N12 0AF, England, London, Office 1 447 High Road, Finchley.

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