Single Ply Structures Limited

Single Ply Structures Ltd from Exeter UK: a small holding company with an active status, was founded 14 years ago in 2011. The company employs six people and has four directors, with one reported owner. It’s an irregular importer, bringing in iron or steel products for a couple of months, with its last import operation made in February 2024.

The company operates in the roofing activities industries, specialising in new build and refurbishment contracts. It’s a family-owned business with over 30 years of experience in the flat roofing industry, originally trading as Single Ply Services Limited before rebranding to SPS Flat Roof Systems in 2020. The company’s website highlights its expertise in flat roofing, offering services like museum-grade piano restoration and disaster recovery for damaged pianos. They even have a showroom in Harrods, London.

Financially, Single Ply Structures Ltd is showing some concerning trends. While bank borrowings remained steady at £110,000, cash reserves plummeted by nearly 70%, dropping to £330,000. Creditors decreased by 19%, suggesting better debt management, but net assets have taken a significant hit, falling 74% to £560,000. The company’s average number of employees increased by 33% to eight, which could be a sign of growth, but also potentially increased operational costs. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile, but the sharp equity drop is something to keep an eye on. With no auditor mentioned, the figures rely on unaudited statements.

Overall, Single Ply Structures Ltd seems to be facing some financial headwinds, despite its established reputation and diverse service offerings.

Registered in England/Wales under the registration number 07562752, with a registered address at EX3 0DB, United Kingdom, Exeter, Unit 17, The Old Stables Newcourt Barton, Clyst Road.

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