Riverside Building Supplies Limited

Riverside Building Supplies Ltd from Chelmsford UK: small company, holding company, active status, founded 24 years ago, 28 employees, £3,136,105 assets, virtual address, 3 directors, 1 owner, google rating 5.0 based on 6 reviews. Irregular importer of wood and wood products (1 months imported). It’s a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, employees less than 50. The company operates in the agents involved in the sale of timber and building materials industries. Officially, it has one owner or PSCs, three directors, and twenty eight employees.

Based in Heybridge, Essex, Riverside Building Supplies Ltd is a timber merchant with a strong local presence. The company’s website highlights a wide range of high-quality timber products, including hardwood, softwood, and treated timber, catering to both construction and DIY projects. They offer free local delivery on orders over £100 and boast expert advice from their knowledgeable team. A key feature is their custom cuts service, providing precision cutting solutions to meet specific project requirements. The website also promotes their sponsorship of the Essex Wildlife Trust, demonstrating a commitment to local conservation. They also have a showroom in Harrods, London.

Financially, Riverside Building Supplies Ltd presents a mixed picture. While current assets remain relatively stable at around £3.1 million, other key metrics show some volatility. Bank borrowings have decreased significantly, suggesting improved cash flow management, and cash reserves have increased substantially to £960,000. However, trade debtors have fallen by 21%, indicating potential issues with customer payments. Creditors have also decreased by 18%, which is a positive sign. The company’s net assets have increased by 12%, reflecting a stronger overall financial position. The lack of an auditor mentioned (likely exempt as a small company) means the figures rely on unaudited statements.

Despite the fluctuations, Riverside Building Supplies Ltd appears to be holding its own. The company’s focus on quality timber, expert advice, and custom services, combined with its local presence and sponsorship, suggests a resilient business model. The increase in cash reserves is particularly encouraging, although the decrease in trade debtors warrants further monitoring.

Registered in England/Wales under the registration number 04145156, with a registered address at CM3 5NG, England, Chelmsford, Essex, 46 Hullbridge Road, South Woodham Ferrers.

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