Sourced Development Group Ltd

Sourced Development Group Ltd from Widnes UK is a small, active company founded six years ago in 2019. With a single employee and a real address shared by five other businesses, it's a lean operation led by one director and owner. The company is a regular importer, specializing in furniture, lighting, and prefabricated buildings, with six months of import activity recorded as of August 2021.

The company’s website showcases a portfolio of residential and commercial developments across Liverpool and Manchester. From the Regent Plaza in Manchester to the 56 at Westminster Park in Liverpool, Sourced Development Group focuses on creating capital growth opportunities for investors, offering everything from apartments to townhouses and penthouses. The site emphasizes a "forward thinking, progressive and reputable" approach, highlighting in-house expertise and a combined 250 years of development and investment experience. Recent news highlights a £250 million Salford data centre scheme and a collaboration with Beko Appliance Partners.

Financially, Sourced Development Group Ltd shows a stable picture. Cash bank on hand remains consistent at £560,000, while creditors stay at £320,000. Equity, however, is a solid £3 million. Fixed assets are valued at £2.7 million, and investments in group undertakings are at £1.5 million. Net assets and liabilities are also at £3 million. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility. The accounts are described as “filleted” and unaudited, relying on director-reported data.

While the company appears to be financially healthy with a solid base of assets, the lack of employee growth and reliance on a single director could present challenges. The consistent cash reserves and stable creditor levels suggest prudent financial management, but the long-term sustainability of the business will depend on continued development projects and investor confidence.

Registered in England/Wales under the registration number 11865112, with a registered address at MK5 8PJ, Milton Keynes, C/O Opus Restructuring Llp 1 Radian Court, Knowlhill.

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