The Building Works (nw) Ltd

The Building Works (nw) Ltd, based in Preston, UK, is a small, active company founded four years ago. With a single employee and £339,374 in assets, it operates from a virtual address shared by numerous other businesses. Led by one director and owner, the company regularly imports iron or steel products, with 28 months of import activity recorded, the last in February 1995.

The company’s website, thebuildingworks.co.uk, presents itself as a supplier of building materials, drainage products, and more, catering to tradespeople like builders, roofers, and landscapers. It offers a range of products, from drainage solutions to joinery supplies, and is currently launching a new website with special offers for those who register. The site also includes contact information and a list of categories and navigation options, along with social media links.

Financially, The Building Works (nw) Ltd shows a mixed picture. Cash bank on hand increased by 37% to £200,000, while creditors rose 15% to £290,000. Net current assets liabilities improved significantly, increasing by 88% to £54,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain flexible, but the increase in creditors suggests it may be relying more on short-term financing. The company’s retained earnings accumulated losses grew by 56% to £100,000. With no auditor mentioned, the financial statements are unaudited.

The company’s focus on wholesale building supplies and its regular imports suggest a steady business model, but the rising debt levels warrant closer attention. The new website launch and registration offers could be a strategy to attract more customers and boost sales, but whether it will be enough to offset the financial pressures remains to be seen.

Registered in England/Wales under the registration number 12845008, with a registered address at PR3 3HU, England, Preston, 14 Towneley Parade, Longridge.

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