Thames & Newcastle Limited

Thames & Newcastle Limited, based in Barking, UK, is a small holding company with an active status. Established fifteen years ago in 2009, it employs seven people and holds assets totaling £2,245,564. The company has two directors and three owners, and boasts a respectable Google rating of 4.0 based on six reviews. It's an irregular importer, primarily dealing in wood and wood products, with its last import operation recorded one month ago in February 2023.

The company’s website highlights its role as a Chartered Building Company focused on the construction and property markets within London and the South East. Thames & Newcastle positions itself as a blend of traditional family values and professional expertise, offering services ranging from traditional main contracting to specialist design and build. They work with both specialist developers and public authorities, undertaking projects valued between £500,000 and £4,000,000. Testimonials praise their competence, organization, and quality workmanship.

Financially, Thames & Newcastle Limited presents a mixed picture. Current assets have fallen by a significant 16%, dropping to £2,200,000, while net assets have plummeted 44% to £370,000. Bank overdrafts have increased dramatically, soaring 140% to £72,000, and cash reserves have decreased 17% to £520,000. Creditors have also declined, decreasing by 14% to £1,300,000. The company's small size (meeting two of three conditions for a small company) helps maintain agility, but the substantial equity drop warrants attention. The company is exempt from an audit, so the figures are unaudited.

The company's financial performance suggests it’s facing some challenges, although it’s not necessarily burning through money. The decline in equity could be due to various factors, such as increased investment in projects or changes in accounting practices. The increase in bank overdrafts, however, indicates a need to manage cash flow more effectively.

Registered in England/Wales under the registration number 07060208, with a registered address at IG11 0ND, Barking, Essex, Unit 8 Riverside Industrial Estate, Thames Road.

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