Steel Homes Construction Ltd

Steel Homes Construction Ltd, based in South Croydon, UK, is a small, active company founded eleven years ago in 2013. It employs five people and holds £259,975 in assets, operating from a virtual address shared by 138 other companies. With four directors and three owners (though the list may not be exhaustive), the company is led by a solo founder. It’s an irregular importer, primarily bringing in vehicles, parts, and accessories (excluding trains or trams), with its last import activity occurring in May 2024.

The company's website is unavailable, so it's difficult to determine the exact scope of its operations. However, the report indicates Steel Homes Construction Ltd engages in the construction of domestic buildings, specialised construction activities, and commercial buildings. This suggests a focus on residential and commercial building projects, potentially encompassing both new builds and renovations.

Financially, the company presents a mixed picture. While net assets increased by a substantial 260%, reaching £100,000, cash reserves declined by 11% to £15,000. Bank borrowings increased by 48%, reaching £71,000, and trade debtors rose by 15%, suggesting a reliance on credit sales. Creditors decreased by 9.2%, which could indicate improved debt management. The company meets the criteria for a small company – turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees – and is exempt from an audit, relying on unaudited financial statements. The decline in average employees from five to four might be a result of restructuring or project-based hiring.

Overall, Steel Homes Construction Ltd appears to be navigating a period of change. The increase in net assets is a positive sign, but the decline in cash reserves and increase in borrowings warrant closer monitoring. The company’s ability to manage its finances effectively will be crucial for its long-term success.

Registered in England/Wales under the registration number 08757532, with a registered address at CR2 6AA, England, South Croydon, 18-24 Brighton Road.

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