Wood Components Limited

Wood Components Limited, based in Preston, UK, is a small, active company founded twelve years ago in 2013. With a single employee and £550,978 in assets, it operates from a real address and is led by a solo founder who also serves as director and owner. The company regularly imports furniture, lighting, and prefabricated buildings – a consistent pattern over the last 16 months, with the most recent import occurring in August 2024. It also exports machinery parts, though this is less frequent, with only one month of export activity recorded back in March 2023.

The company’s website, infowoodcomponents.ie, showcases a range of specialist timber products, including cladding, mouldings, decking, shingles, and fencing. It positions itself as Ireland’s leading experts in these areas, emphasizing certified timber from sustainable sources and specializing in charred cladding. The website also highlights a separate business, Machined Timber Specialists (MTS), which manufactures hardwood and softwood components for various industries. MTS operates from Kilcoole, Co. Wicklow, and boasts a showroom and a solid reputation for quality and customer service.

Financially, Wood Components Limited presents a mixed picture. Current assets have increased by a significant 49% to £550,000, which is good news. However, bank borrowings have also increased by 29%, reaching £24,000, and corporation tax payable has surged by a whopping 350%, climbing to £41,000. Creditors have also increased by 45%, reaching £290,000. The company’s small size (meeting two of three conditions for a small company) helps it remain agile, but the increase in tax payable and creditors does raise some questions. Cash reserves have decreased by 20%, falling to £98,000. The company’s unaudited financial statements, prepared by CCH Accounts Production, do not mention an auditor. Despite the financial pressures, the company's focus on sustainable timber and specialist products suggests a commitment to long-term growth, though the future remains to be seen.

Registered in England/Wales under the registration number 08391720, with a registered address at PR4 5ZL, United Kingdom, Preston, 100 Marsh Lane, Longton.

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