NCD PLASTERING LIMITED

Executive Summary

NCD PLASTERING LIMITED is a micro-entity operating within the plastering niche of the construction sector, characterized by modest financial resources and minimal staffing. Its financial metrics reveal a constrained liquidity position and limited asset base, reflecting the challenges faced by small-scale firms in a competitive, labour-intensive market with fluctuating demand. While agile, the company’s scale and financial fragility position it as a niche player vulnerable to sector volatility and competitive pressures from larger, better-capitalized firms.

NCD PLASTERING LIMITED - Analysis Report

Company Number: 14184418

Analysis Date: 2025-07-29 16:52 UTC

1. Industry Classification: NCD PLASTERING LIMITED operates within the SIC code 43310, classified under the "Plastering" sector. This sector is a subset of the broader construction industry, specifically focused on interior finishing work involving plaster application to walls and ceilings. Characteristics of this sector include typically small to medium enterprises, often local or regional in scope, with revenue streams dependent on residential, commercial, and refurbishment construction projects. The sector is labour-intensive with relatively low fixed asset bases and relies heavily on skilled manual labour.

2. Relative Performance: As a micro-entity, NCD PLASTERING LIMITED falls at the smallest end of the sector’s size spectrum, with turnover and balance sheet values well below the thresholds defining small or medium enterprises. Its net assets of £239 and current liabilities exceeding current assets suggest tight liquidity and a modest working capital position. Compared to typical plastering firms, which often maintain positive net current assets to manage project cash flows and materials procurement, this company’s financials indicate a fragile balance sheet. The decline in fixed assets and net assets year-on-year points to a contraction or cautious capital expenditure. Staffing levels (average 1 employee) align with micro-entity norms but are below the average for many small plastering firms that may employ multiple tradespeople.

3. Sector Trends Impact: The plastering sector is influenced by overall construction market health, housing starts, renovation activity, and infrastructure investments. Post-pandemic recovery and government stimulus in construction can drive demand, but inflationary pressures on materials and labour shortages may constrain margins. Additionally, increased adoption of prefabricated building elements and alternative finishing products can disrupt traditional plastering demand. As a micro-entity, NCD PLASTERING LIMITED is more vulnerable to such market fluctuations due to limited financial buffers and scale economies. Regulatory changes regarding health and safety and environmental standards also impose compliance costs that smaller players must absorb.

4. Competitive Positioning: NCD PLASTERING LIMITED appears to be a niche micro player serving a localized market, most likely competing on price and service flexibility rather than scale or technological innovation. Its very small asset base and limited employee count restrict capacity and operational scalability relative to medium and larger plastering firms that can leverage bulk purchasing and diversified contracts. However, its micro status potentially affords it agility in bidding for small contracts and personalized customer service. The company’s financial position signals a need for prudent cash flow management and possibly strategic partnerships to enhance market reach. Compared to sector norms, it lacks the robustness and resource depth characteristic of competitors who maintain more substantial working capital cushions and diversified project portfolios.