Project Nine Property Group Ltd

Project Nine Property Group Ltd, based in Colchester, UK, is a small, active company founded six years ago. With six employees and £195,166 in assets, it operates from a virtual address – a detail flagged by the presence of twenty-three other companies registered at the same location. The business is a family affair, managed by two directors and two owners, and boasts a stellar 5.0 Google rating from twelve reviews. It’s an irregular importer, primarily bringing in wood and wood products, with its last import activity recorded just one month ago.

The company’s website showcases Project Nine as specialists in bespoke construction projects across Essex and Suffolk. They position themselves as a principal design and building contractor, emphasizing project management, collaboration, and high-quality builds. The site highlights a thoughtful system for dealing with every aspect of the build process, from design to budget and project completion. They even have a physical office location in Colchester.

Financially, Project Nine Property Group Ltd presents a mixed picture. While cash reserves have dramatically increased by 1200%, reaching £64,000, net assets remain low at just £1,700, a significant decrease. Bank borrowings have surged by 620%, reaching £19,000, and trade debtors have increased by 33%, sitting at £120,000. Creditors also increased by 22%, now at £190,000. The company meets the criteria for a small business, with turnover below £10.2 million, assets under £5.1 million, and fewer than 50 employees. No auditor is mentioned, consistent with its status as a small, exempt company. The directors, S Holman and J P Holman, have been receiving advance payments, which have increased by 20% and 96% respectively. Depreciation on plant and machinery has also increased by 43%.

Registered in England/Wales under the registration number 11397016, with a registered address at CO4 9YQ, England, Colchester, Essex, 820 The Crescent, Colchester Business Park.

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