Company Number: 12416169

Analysis Date: 2025-07-20 16:19 UTC

1. Industry Classification
   RIGHT PLASTERING LTD operates within SIC code 43310, which designates the plastering sector. This sector falls under the broader construction and building finishing trades in the UK. Key characteristics of this sector include predominantly small to medium-sized enterprises engaged in interior and exterior plastering, rendering, and related surface preparation services. It is a labour-intensive sector with a strong emphasis on skilled craftsmanship, often servicing both residential and commercial markets.

2. Relative Performance
   RIGHT PLASTERING LTD is classified as a micro-entity, indicating a very small business scale by UK standards (turnover ≤ £632k, balance sheet ≤ £316k, ≤ 10 employees). The company employs only one person (the director) and has modest fixed assets (£15,702 in 2024) and net current assets of £37,656, which is healthy for its size. Net assets decreased from £52,662 in 2023 to £44,808 in 2024, possibly indicating reinvestment or increased liabilities (notably, £8,365 creditors due after one year appeared in 2024). Compared to average plastering businesses, which may range from small to medium sizes with turnovers in the low millions, RIGHT PLASTERING LTD is a niche micro player with a conservative asset base and limited scale.

3. Sector Trends Impact
   The UK plastering sector is influenced by broader construction industry dynamics such as housing market activity, renovation demand, and commercial building projects. Current trends include increased demand for sustainable and energy-efficient building finishes, skilled labour shortages, and price competition among small contractors. The sector is also sensitive to macroeconomic factors like interest rates and government housing policies. RIGHT PLASTERING LTD, as a micro-entity, is likely impacted by these trends through fluctuating client demand and the challenge of maintaining skilled labour capacity (currently just one employee). The company’s stable net asset position suggests it has managed to maintain financial resilience amid these sector pressures.

4. Competitive Positioning
   RIGHT PLASTERING LTD’s strengths lie in its low overhead, tight operational scope, and possibly direct owner involvement (director’s occupation is plasterer), which can translate to strong craftsmanship and client relationships. However, its micro size limits scalability and market reach compared to larger local competitors who may offer bundled building services or have greater capital for equipment and workforce expansion. The recent increase in long-term creditors may indicate investment in equipment or strategic partnerships but could also suggest tighter cash flow management. Unlike larger sector players, RIGHT PLASTERING LTD does not have publicly disclosed turnover figures but its asset profile suggests a niche market presence, focusing on specialized or local contracts rather than broad market leadership.