Cross Concrete Flooring Ltd

Cross Concrete Flooring Ltd, based in Drumahoe, Northern Ireland, is a small, active family business established 20 years ago. With 32 employees and £1,582,346 in assets, it operates from a real address and is managed by three directors and two owners. The company is a irregular importer, primarily dealing with iron or steel products, with its last import operation occurring two months ago in November 2023.

The company specializes in the manufacture of concrete products for the construction industry. It's a small company, meeting two of three conditions: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. Its website, while not providing e-commerce functionality, highlights the company's expertise in concrete flooring solutions.

Financially, Cross Concrete Flooring Ltd’s recent performance presents a mixed picture. Accumulated depreciation on plant and machinery grew by 7.6%, while bank borrowings decreased by 7.1%. Cash reserves, however, saw a significant increase of 61%, jumping to £560,000. Creditors also decreased by 25%, which is a positive sign. However, average employees reported dropped by 22%, from 32 to 25, which could indicate restructuring or seasonal fluctuations. Trade debtors also declined by 25%, suggesting a possible slowdown in customer payments. The company’s equity grew by 8.8%, indicating retained earnings are accumulating.

While the company’s financial statements are unaudited and rely on director-reported data, the trends suggest a business navigating challenges while maintaining a solid asset base. The decrease in employees and trade debtors warrants further investigation, but the increase in cash reserves provides a buffer.

Registered in Northern Ireland under the registration number NI053617, with a registered address at BT47 3NB, Drumahoe, Derry, 15c Fawney Road, Cross.

WARNING: The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.
Ports, countries, transport, and price/kg were calculated by CorpSignals; non-official data, may contain errors.