Saxon Contracting (north West) Limited

Saxon Contracting (North West) Limited, based in Newton-le-Willows, UK, is a small, active company established 28 years ago in 1997. With four employees and £981,007 in assets, it operates from a real address and is overseen by four directors and two owners. The company’s status was changed three months ago, a good sign to sell them something. It’s an irregular importer, with its top import category being Iron or Steel Products, totaling 1 months of imports. The last import operation was conducted on June 01, 2022. The company is involved in roofing activities and operates in the roofing activities industries.

The company's website is non-existent, so it’s difficult to determine if it's involved in e-commerce or other online activities. It seems to be primarily focused on its core roofing services.

Financially, Saxon Contracting (North West) Limited shows a mixed picture. Cash bank on hand increased by 5.3% to £450,000, while trade debtors decreased by 6.4% to £490,000. Creditors increased by 9.1% to £350,000, and net assets grew by 0.71% to £640,000. Despite a slight increase in equity, bank borrowings surged by 2,400%, reaching £29,000, and cash reserves fell 30% to £28,000. The company meets two of three criteria for being classified as small – turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. With no auditor mentioned, the figures rely on unaudited statements.

The increase in bank borrowings, coupled with the decrease in cash reserves, suggests the company may be burning through money, although the increase in cash bank on hand is a good sign. The decrease in trade debtors indicates better debt management, which is positive. It’s possible the company is investing in growth or facing unexpected expenses. The company’s small size helps it stay agile, but the sharp equity drop raises questions.

Registered in England/Wales under the registration number 03341572, with a registered address at WA12 9EX, England, Newton-Le-Willows, The Old Chapel, 22 Brunswick Road.

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