Summit Render Supplies Limited

Summit Render Supplies Ltd, based in Basildon, UK, is a small, active company founded just four years ago. With four employees and £285,588 in assets, it operates from a real address and is overseen by two directors and three owners. The company regularly imports miscellaneous chemical products, with the last import operation recorded in November 2024.

The company’s website, while currently marked as “Coming Soon,” provides basic contact information: a phone number, email address, and physical address. This suggests a planned expansion or a limited online presence for now. The site doesn't offer much detail about the business's operations, but it does indicate a focus on supplying rendering materials.

Financially, Summit Render Supplies Ltd shows a mixed picture. While average employees increased by 50% to six, net assets decreased by a significant 80% to £15,000. Bank borrowings jumped dramatically, reaching £77,000, and cash reserves fell 360% to £12,000. Creditors, however, increased by 350%, and trade debtors rose 110%, which could indicate a period of rapid growth or increased credit terms offered to customers. 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 flexibility, but the drop in equity is concerning. The company’s accounts are unaudited, and no auditor is mentioned, which is typical for small companies.

Overall, Summit Render Supplies Ltd appears to be navigating a period of expansion, but the increased debt and decreased equity raise questions about its long-term financial health. It’s possible the company is investing heavily in growth, but careful management will be crucial to ensure its sustainability.

Registered in England/Wales under the registration number 13281928, with a registered address at SS15 6SS, England, Basildon, Essex, Unit 10 Saffron Court, Southfields Business Park.

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