Purple Construction Limited

Purple Construction Ltd, based in Croydon, UK, is a small, family-run business with an active status, having been established for 53 years. The company employs three people and holds £502,149 in assets, operating from a virtual address shared by 82 other companies. It’s led by two directors and two owners, and boasts a perfect 5.0 Google rating based on one review. The company is an irregular importer, primarily dealing in furniture, lighting, and prefabricated buildings, with its last import activity recorded over two years ago.

The company’s website, purpleconstruction.co.uk, details its services in construction of other civil engineering projects. It appears to be a fairly standard construction business, with no obvious e-commerce elements. The site showcases project galleries and contact information, suggesting a focus on direct client engagement rather than online sales.

Financially, Purple Construction Ltd presents a mixed picture. While current assets increased by 21% to £500,000, net assets decreased by 6.7% to £810,000. Bank borrowings have increased significantly, jumping 11,000% to £110,000, while cash reserves plummeted 71% to £12,000. Creditors have also risen by 45% to £490,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 10 employees) allows for flexibility, but the increase in debt and decline in cash reserves are concerning. The company is exempt from an audit, so the figures are unaudited.

The sharp rise in bank borrowings suggests the company may be investing in new projects or facing cash flow challenges. It's possible the company is burning through money like a startup, or it could be a temporary situation due to project financing. The increase in creditors also indicates a reliance on trade credit, which could become problematic if payments are delayed. The lack of a clear auditor mentioned raises questions about the reliability of the financial information.

Registered in England/Wales under the registration number 01055978, with a registered address at CR0 1AA, England, Croydon, Surrey, Kings Parade, Lower Coombe Street.

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