S M Building Products Limited

Sm Building Products Ltd, based in Halifax, UK, is a small, active company founded 18 years ago. With just one employee and £39,354 in assets, it operates from a virtual address shared by 61 other companies, a fact that raises some questions. The business is led by two directors and owned by one person, Sonia Burrows, who is also the solo founder. It’s an irregular importer, primarily dealing in machinery, boilers, and mechanical appliances – parts, with its last import operation dating back to December 2019.

The company’s website, smpboardsoutlook.com, reveals a focus on polyethylene boards, marketed as essential on-site tools. These boards can be personalised and offer key benefits like extending mortar life and increasing productivity. The site showcases a range of “Spot Boards” in various sizes and colors, sold at competitive prices, and uses Wix.com for its online presence. It's clearly an e-commerce operation, selling directly to customers.

Financially, Sm Building Products Ltd shows a mixed picture. Current assets have decreased by 29%, dropping to £39,000, while net assets have fallen by 22%, landing at £35,000. Cash reserves have also declined, dropping 27% to £37,000. Trade debtors have seen a significant drop, decreasing by 46%, suggesting improved collection efforts. However, creditors have also decreased, but bank borrowings have surged by 2,400%, reaching £29,000. The company meets the criteria for a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. No auditor is mentioned, which is expected for a small, exempt company.

Overall, Sm Building Products Ltd seems to be facing financial pressures, with declining assets and increased borrowing. The company’s small size allows for agility, but the sharp drop in equity is concerning. It's unclear if the increased borrowing is a short-term fix or a sign of longer-term financial strain.

Registered in England/Wales under the registration number 05878165, with a registered address at HX1 5SP, Halifax, West Yorkshire, Equitable House, 55 Pellon Lane.

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