Southern Scaffolding Supplies Ltd

Southern Scaffolding Supplies Ltd, based in Waterlooville, UK, is a small, holding company with an active status. Founded four years ago in 2020, it employs just three people and holds £959,631 in assets. The company operates from a virtual address, registered at a location shared by eleven other businesses, which raises a few questions. It's overseen by two directors and has one owner, with a stellar 5.0 Google rating from thirteen reviews. The company is an irregular importer, bringing in wood and wood products, with the last import activity recorded over two years ago in July 2022.

Southern Scaffolding Supplies specializes in the supply of scaffolding materials for both small and large projects, offering fast UK-wide delivery. Its website highlights a range of scaffolding products, including secondhand boards, tubes, and fittings, catering to customers looking to expand their materials quickly. The company emphasizes quality goods, competitive pricing, and loyalty initiatives, and even offers collection appointments from its depot on the outskirts of Portsmouth. It operates in the agents involved in the sale of timber and building materials industries.

Financially, Southern Scaffolding Supplies shows a mixed picture. While current assets increased by 16% to £960,000, net assets rose by a more substantial 42% to £480,000. Cash reserves saw a significant boost, increasing by 46% to £280,000. However, trade debtors also increased considerably, growing by 53% to £440,000, which could indicate a reliance on customer payments. Bank borrowings decreased by 70% to £43,000. 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, but the increase in debtors warrants closer attention. No auditor is mentioned, likely due to the company's small size and exemption from an audit. The company’s depreciation charge for motor vehicles increased by 160%, which could be due to a new vehicle purchase.

Registered in England/Wales under the registration number 12710710, with a registered address at PO7 6XP, England, Waterlooville, Birch House Forest Road, Denmead.

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