Woodmarque Architectural Joinery Ltd

Woodmarque Architectural Joinery Ltd, based in Dungannon, UK, is a medium-sized, family-owned business with a solid 38-year history. Employing 61 people and boasting assets of £6.9 million, the company generated £14.1 million in revenue last year. It's an active company with five directors and three owners, and maintains a real address, as well as a respectable 4.0-star Google rating from eight reviews. They’re an irregular importer, with a focus on miscellaneous metal items, though their last import was quite a while ago, back in 2022.

Woodmarque positions itself as a provider of specialist joinery, fire doorsets, and contract furniture for both UK and Ireland-wide projects. Their website showcases a portfolio of high-end work, including projects for hotels, apartments, and office developments, emphasizing their partnership with leading contractors and developers. They offer a comprehensive suite of services, from design and manufacture to installation, and even have a dedicated academy for industry training. The company's website also highlights a significant investment in factory expansion and recognition for innovation.

Financially, Woodmarque’s report paints a mixed picture. While turnover increased by 5.7% to £14.1 million, net assets decreased by 12.8% to £3.7 million. Bank borrowings were reduced by 40% to £1.1 million, which is a positive sign, and cash reserves fell by 52% to £91,000. Creditors increased by 62% to £1.9 million, suggesting a greater reliance on trade credit. Despite these changes, the company’s overall financial health remains stable, meeting the criteria for a medium-sized company with a turnover under £36 million and assets under £18 million. The company’s report was audited by WHR Accountants Ltd.

The increase in creditors and decrease in cash reserves could be attributed to the company’s recent investments and expansion efforts. It’s also worth noting that the directors report is consistent with the accounts. While the company’s financial performance isn't booming, its long-standing presence, skilled workforce, and focus on high-quality products suggest a resilient business model.

Registered in Northern Ireland under the registration number NI020116, with a registered address at BT70 1SR, Dungannon, County Tyrone, 16 Mullaghbane Road.

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