Thorp Precast Limited

Thorp Precast Limited, based in Newcastle Under Lyme, UK, is a sizable company with an active status, celebrating 20 years since its founding in 2004. Employing 210 people, the company holds assets worth £14.6 million and generates revenue of £37.8 million annually. With eight directors and one owner, and a solid 4.0 Google rating from 43 reviews, it’s a well-established player in its sector. The company regularly imports iron or steel products, with the last import operation recorded in December 2024.

The company operates in the manufacture of concrete products for construction purposes industries. Its website, while not explicitly e-commerce focused, highlights a range of precast concrete solutions for various construction projects, showcasing a commitment to quality and innovation. The site details a broad product portfolio, from bespoke architectural elements to standard construction components, emphasizing the company’s ability to meet diverse client needs.

Financially, Thorp Precast Limited presents a mixed picture. While turnover increased by a healthy 43%, the company’s net assets decreased by 11%, and cash reserves fell by 19%. Bank borrowings increased by 30%, suggesting a reliance on external financing. Creditors also rose by 12%, which could indicate expanding operations or managing cash flow. The company met two of three criteria to be considered large, with turnover exceeding £36 million and balance sheet total exceeding £18 million. The company's auditor is Haines Watts, and the financial statements were authorised on July 30, 2024. The decrease in equity, despite increased turnover, suggests the company is reinvesting heavily in its operations, possibly to expand production capacity or develop new products. The increase in bank borrowings, while concerning, could also reflect strategic investments aimed at long-term growth.

Registered in England/Wales under the registration number 05219420, with a registered address at ST5 6BN, Newcastle Under Lyme, Staffs, Valley Saw Mill, Apedale Road, Chesterton.

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