Soceanu Construction Ltd

Soceanu Construction Ltd, based in Rainham, UK, is a small, active company founded twelve years ago. With three employees and £83,125 in assets, it’s a solo-founded operation managed by a single director and owner. The company boasts a stellar 5.0 Google rating from four reviews, demonstrating a commitment to customer satisfaction. It’s an irregular importer, with its top import category being ceramic products, totaling just one month of imports, the last recorded in December 2022.

The company’s website highlights its services in residential renovation, painting, kitchen fittings, and extensions. It’s a full-service contractor, offering everything from minor repairs to large-scale projects. The website showcases a portfolio of completed work, emphasizing craftsmanship and attention to detail. It's clear they're targeting homeowners and businesses looking to update or expand their properties.

Financially, Soceanu Construction Ltd’s recent performance shows some concerning trends. Current assets have fallen by a significant 38%, dropping to £83,000, while net assets have plummeted 270%, ending at a negative £170,000. Bank borrowings have increased by 36%, reaching £110,000, and cash reserves have vanished, falling 86% to just £6,000. Creditors have also increased by 12%, now standing at £210,000. Despite meeting two of three criteria for a small company (turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees), the sharp decline in equity suggests financial pressure. The lack of an auditor mentioned likely means the accounts are unaudited.

It seems the company is facing some challenges, although it’s difficult to say exactly what’s causing them. Perhaps increased material costs or a slowdown in the construction market are to blame. The company’s strong Google rating and focus on quality suggest it has a good reputation, but it will need to address its financial situation to ensure its long-term viability.

Registered in England/Wales under the registration number 08407611, with a registered address at RM13 9RD, England, Rainham, 1a Thorn Lane.

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