Sussex Builders Merchants Limited

Sussex Builders Merchants Limited, based in Basildon, UK, is a small, active company founded ten years ago in 2014. With twelve employees and £341,854 in assets, it operates from a virtual address—a detail worth noting as 617 companies are registered at the same location. The company is led by two directors and two owners, though it’s important to remember that the owner list isn’t exhaustive, only including those with over 25% shares. It’s a regular importer, specializing in machinery, boilers, and mechanical appliances, with a history of importing for 31 months, the last operation taking place in July 2021.

The company’s website, ICF Southern, focuses on insulated concrete forms (ICFs) and materials, catering to architects, engineers, contractors, and developers. It’s a UK supplier of NUDURA ICFs, offering training courses, technical details, and self-build projects. The website clearly positions itself as an expert in this niche construction method, offering support and expertise to professionals and self-builders alike. It’s not an e-commerce site; instead, it's a resource-rich platform showcasing products and services.

Financially, Sussex Builders Merchants Limited presents a mixed picture. Cash reserves have decreased by 45%, dropping to £71,000, while bank borrowings have increased significantly, surging 310% to £130,000. Creditors have also risen, increasing by 60% to £470,000. On a positive note, debtors have increased by 43%, reaching £110,000, suggesting improved sales. However, the most concerning trend is the dramatic decrease in equity, plummeting 78% to just £33,000. Average employees have increased by 17%, reaching 14. The company’s small size—meeting two of three conditions for being classified as small—helps it remain agile, but the sharp drop in equity raises questions about its long-term financial health. With no auditor mentioned, the financial statements are unaudited.

The increase in bank borrowings, combined with the decrease in equity, suggests the company may be burning through cash, possibly to support growth or cover operational expenses. The rise in debtors could indicate an effort to boost sales, but it also carries the risk of slower payment collection. Overall, while the company appears to be active and focused on its niche market, its financial performance warrants close monitoring.

Registered in England/Wales under the registration number 09234437, with a registered address at SS14 3JJ, Basildon, Essex, 4 Capricorn Centre, Cranes Farm Road.

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