T. Preece Limited

T. Preece Limited, based in Stourport-On-Severn, UK, is a small, active company founded six years ago. With ten employees and £200,245 in assets, it operates from a virtual address – a point to note as 419 companies share the same location. The business is led by a single director and owner, Preece Timothy Edward, and boasts a perfect 5.0 Google rating from five reviews. It’s an irregular importer, specializing in ships, boats, and floating structures, with the last import operation occurring two months ago in May 2024.

The company’s website showcases a diverse range of timber buildings, from log cabins and safari tents to shepherd's huts and modular classrooms. It positions itself as Shropshire’s leading manufacturer and supplier, emphasizing bespoke designs, a 10-year warranty, and a skilled team handling every stage – design, build, and delivery. The site highlights the company’s expertise in crafting unique buildings for various purposes, including garden living spaces and even disaster recovery solutions. It's clear the company is targeting a niche market of customers seeking high-quality, custom-built timber structures.

Financially, T. Preece Limited presents a mixed picture. While cash reserves have significantly increased by 270% to £120,000, current assets have doubled to £200,000. However, accrued liabilities have also risen considerably, increasing by 62% to £54,000. Debtors have surged by 180%, suggesting a potential reliance on customer payments, and depreciation expenses have more than doubled, reflecting increased investment in assets. It’s worth noting that the company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the rising liabilities warrant attention. As a small company, it’s exempt from an audit, so the figures are unaudited. Overall, T. Preece Limited seems to be growing, but it's important to monitor its debt levels to ensure long-term stability.

Registered in England/Wales under the registration number 11444753, with a registered address at DY13 9AW, England, Stourport-On-Severn, Anglo House, Worcester Road.

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