T Balfe Construction Limited

T Balfe Construction Ltd, based in Grantham, UK, is a well-established construction company with a strong reputation. Founded 40 years ago in 1984, the company has grown into a large operation, employing 75 people and boasting assets of £11,146,737. With an impressive annual revenue of £30,945,775, and a real address, it’s a significant player in the local construction scene. Five directors and one owner guide the company, which currently enjoys a perfect 5.0 Google rating from 18 reviews. The company is an irregular importer of vehicles, parts, and accessories, with its last import operation made on March 01, 3022.

The company’s website highlights its commitment to quality, craftsmanship, and customer service. T. Balfe Construction offers a wide range of services, including design, build, and construction, as well as groundworks, civil engineering, new homes, and even timber frame construction. They also provide air conditioning installation services. The website showcases several projects, including a development at Handley Chase, which recently won an award. The company also has a section dedicated to clients, featuring testimonials praising their workmanship and professionalism.

Financially, T Balfe Construction Ltd shows some concerning trends. While revenue remains strong, several key metrics have declined. Accumulated depreciation has fallen significantly, particularly for leased assets like plant machinery. Administrative expenses have increased by 9.6%, and the company has seen a substantial increase in advances to directors. Bank borrowings have decreased significantly, and cash reserves have fallen sharply. Creditors have also decreased, which could indicate better debt management, but the overall picture suggests the company is burning through cash. The company’s large size (meeting two of three conditions for turnover over £36 million, balance sheet over £18 million, and over 250 employees) means it is subject to more rigorous reporting requirements. The accounts are audited, and Nicholsons Audit (Statutory Auditor) performed the audit.

Despite these challenges, T Balfe Construction Ltd remains a well-regarded company with a long history of success. The company’s focus on quality and customer service, combined with its experienced management team, positions it well for future growth, but the recent financial trends warrant close monitoring.

Registered in England/Wales under the registration number 01818688, with a registered address at NG32 3JF, Grantham, Lincolnshire, Richmond House Brant Road, Fulbeck.

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