Workform Uk Limited

Workform Uk Limited, based in Preston, UK, is a small holding company with an active status, having been incorporated twenty-two years ago in November 2002. Employing seventeen individuals, the company holds £311,226 in assets and operates from a virtual address, registered at Black Bull House, Bamber Bridge. It's managed by five directors and owned by three individuals, though this list isn's exhaustive as it only includes owners with more than twenty-five percent of shares. The company is an irregular importer, primarily dealing in electrical machinery and equipment, with recent import activity recorded just two months ago. It operates within the manufacture of other fabricated metal products n.e.c. industries.

The company’s website showcases a focus on bespoke furniture and interior products, collaborating with clients like Hiscox Insurance and Msheireb Properties to create customized spaces. Workform doesn't appear to be an e-commerce business, instead acting as a consultancy and supply chain manager, sourcing, making, and supplying design-focused, sustainable furniture. Projects highlighted include redesigning workspaces, creating art installations, and even managing logistics for a college campus in Armenia.

Financially, Workform Uk Limited’s recent reports show some concerning trends. Current assets decreased by 8.1% to £310,000, while net assets fell a more substantial 20% to £100,000. Bank borrowings, including CBIL loans, increased by 17%, reaching £37,000, and cash reserves dropped 34% to £3,500. Creditors, however, saw a 7% increase to £210,000. Trade debtors experienced a significant decline of 48%, suggesting improved collection practices, or perhaps a shift in sales terms. The company’s small size—meeting two of three criteria for a small company—allows for flexibility, but the decrease in equity is a point of concern. As a small company, it’s exempt from an audit, so the figures are unaudited.

The company's reliance on a virtual address, with 328 companies registered at the same location, could indicate shared administrative services, but also raises questions about the stability of its operational base. The recent financial shifts suggest Workform Uk Limited may be navigating a period of adjustment, though its focus on high-value projects and sustainable practices positions it for long-term success.

Registered in England/Wales under the registration number 04593654, with a registered address at PR5 6EE, United Kingdom, Preston, Lancashire, Black Bull House 353-355 Station Road, Bamber Bridge.

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