Traditional Norfolk Properties Limited

Traditional Norfolk Properties Limited is a small holding company based in Attleborough, UK, with an active status. Founded 24 years ago in 2001, it employs just one person and holds assets totaling £743,947. The company has a real address and is overseen by two directors and one owner. It’s an irregular importer, primarily dealing in furniture, lighting, and prefabricated buildings, with its last import activity recorded one month ago in December 2022.

The company's website reveals a focus on property development and renovation, operating under the name Traditional English Properties. Chris Burnard, the business owner, has extensive experience in the building trade, from plumbing to running his own business. The company specializes in unique developments around the Norfolk and Suffolk border, offering new homes, lettings, building plots, and off-plan sales. It even offers services for houses, flats, and rentals. The website’s focus is on building and renovating to an uncompromising standard.

Financially, Traditional Norfolk Properties Limited presents a mixed picture. While current assets have doubled to £740,000, net assets have fallen by 26% to £360,000. Bank borrowings have increased significantly, rising by 110% to £740,000, and creditors have also increased substantially, by 110% to £940,000. Cash reserves have plummeted by 98%, leaving just £49. The company meets the criteria for being a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The lack of an auditor mentioned suggests it’s exempt as a small company, and the figures are unaudited.

The company’s financial data shows a concerning trend of increasing liabilities and decreasing cash reserves, suggesting it may be burning through money. While the property development business seems to be operating, the financial strain raises questions about its long-term sustainability.

Registered in England/Wales under the registration number 04207211, with a registered address at NR17 1DS, Attleborough, Norfolk, Oak Tree Business Park Hargham Road, Shropham.

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