Rohan Woodworking Limited

Rohan Woodworking Ltd from Malton UK: a small, active company founded 29 years ago, employs 17 people, and holds £720,532 in assets. With two directors and a solo founder, the business operates from a real address and has been trading for a considerable time. It’s an irregular importer of cotton products (just one month of imports recorded in June 2024) but a regular exporter of furniture, lighting, and prefabricated buildings (five months of exports, with the latest in May 2024).

The company’s core business revolves around joinery installation, and it’s classified as a small business, meeting two of the three conditions: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The company’s financial reports show some interesting trends. Accumulated depreciation on plant machinery increased by 4.7%, suggesting investment in equipment, while cash reserves jumped a remarkable 48,000%, reaching £240,000. However, corporation tax payable increased significantly by 15,000%, reaching £29,000. Creditors also decreased by 19%, which is a positive sign.

Despite these shifts, the company's net assets decreased slightly by 2.9%, settling at £560,000. Trade debtors have taken a hit, dropping 46% to £410,000. The company’s financial statements are unaudited, a common occurrence for small businesses. The director, Mr. Matthew John Rohan, acknowledges his responsibilities under the Companies Act. The company’s production software is CCH Accounts Production 2024.301.

Overall, Rohan Woodworking Ltd seems to be navigating a period of change. The substantial increase in cash reserves is encouraging, but the rise in corporation tax and the decrease in trade debtors warrant closer attention. The company's long-standing presence and consistent export activity suggest a resilient business, but the financial details indicate a need for careful management.

Registered in England/Wales under the registration number 03137427, with a registered address at YO17 8AA, Malton, North Yorkshire, 67-69 Scarborough Road, Norton.

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