Errigal Facades Ltd

Errigal Facades Ltd, based in London, UK, is a large, active company founded fifteen years ago. Employing eleven people and boasting assets of £9,003,747, the company generated a revenue of £17,141,775 last year. With three directors and two owners, and a real address, Errigal Facades Ltd operates from SE25 7TY, London, 8 Oliver Avenue, South Norwood. Despite a Google rating of 2.0 based on just four reviews, the company appears to be a significant player in the construction industry. It’s an irregular importer, primarily dealing in stone, plaster, and cement, with the last import activity recorded two months ago in September 2023.

The company’s website paints a picture of a construction specialist, focusing on partition systems, facades, fitouts, and bespoke solutions. Errigal boasts a manufacturing facility and regional offices across the UK and Europe, emphasizing its commitment to design, research, and development. It’s clear the company invests heavily in its team, offering apprenticeships and professional development opportunities. The website highlights a family culture and dedication to quality, with a focus on experience and client satisfaction.

Financially, Errigal Facades Ltd shows some concerning trends. While current assets increased by 81% to £9,000,000, equity plummeted 57% to £4,700,000. Bank borrowings surged by a massive 35%, reaching £1,000,000, and cash reserves fell 190% to -£780,000. Creditors also increased significantly by 86%, reaching £4,500,000. The company’s large size (meeting two of three criteria for a large company) suggests it’s operating on a substantial scale. However, the significant decline in equity and negative cash reserves raise questions about its financial health, despite increased turnover of 2,500%. The absence of a named auditor suggests the company is exempt from an audit, relying on unaudited financial statements.

In conclusion, Errigal Facades Ltd is a sizable construction company facing some financial pressures. While it maintains a strong focus on quality and client experience, the recent trends warrant close monitoring.

Registered in England/Wales under the registration number 07171320, with a registered address at SE25 6TY, London, 8 Oliver Avenue, South Norwood.

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.