Y Construction Limited

Y Construction Limited, based in Barnet, UK, is a small, active company founded five years ago in 2019. With 34 employees and £3,085,632 in assets, it operates from a virtual address – a fact highlighted by the presence of 39 other companies registered at the same location. The company is led by a single director and owner, Philippou George, who also serves as the director. It’s a regular importer, bringing in furniture, lighting, and prefabricated buildings, with 32 months of import activity recorded, the latest in September 2024.

The company’s website, YConstruction, focuses on international construction arbitration for young lawyers and professionals. It hosts events, workshops, and online tutorials, creating a global network for discussion and skill development. The site’s content reveals a focus on specialized areas like offshore wind farm projects, supply chain disruptions, and the impact of digitalization – demonstrating a commitment to addressing current challenges in the construction industry. It’s clear the company isn’t directly involved in construction work itself, but rather facilitates learning and networking within the sector.

Financially, Y Construction Limited shows a mixed picture. While current assets increased by 15% to £3,100,000, net assets only increased by 19% to £210,000. Bank borrowings remained stable at £10,000, but cash reserves fell by 12% to £16,000. Trade creditors decreased by 18%, suggesting improved debt management. Trade debtors, however, increased significantly by 44%, which could indicate challenges in collecting payments from customers. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the increase in trade debtors warrants attention. As a small company, it’s exempt from an audit, so the financial information is unaudited.

Overall, Y Construction Limited seems to be holding its own, leveraging its niche focus on professional development within the construction industry. The company’s success will likely depend on its ability to maintain its network, attract members, and manage its cash flow effectively.

Registered in England/Wales under the registration number 12321937, with a registered address at EN4 9HN, United Kingdom, Barnet, Herts, 1st Floor, Woodgate Studios 2-8 Games Road, Cockfosters.

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