KELLS HOLDINGS LIMITED
Company number 04394255 · Monitor this company
Executive summary
Kells Holdings has built a formidable balance sheet fortress—transforming from a highly leveraged position to near-zero gearing—which provides rare strategic optionality in a sector where most competitors are capital-constrained. However, the group now faces the classic "strong balance sheet, weak margin" dilemma: revenue growth of 31.7% has come at the cost of gross margin compression, and the £341K bad debt charge signals emerging credit risk in the developer client base. The critical strategic imperative is converting balance sheet strength into sustainable margin improvement—whether through selective acquisition, vertical integration, or deliberate project mix optimisation—before the current market cycle erodes the competitive advantages that have been painstakingly accumulated.
Shareholders' funds
£10,535,960
Balance sheet as at 2025-10-31
What it does
building and civil construction contracting.
The company's own description, from its latest filed accounts.
Overview
- Company type
- Private Limited Company
- Incorporated
- 2002-03-14
- Employees
- 63 (2025 accounts · was 70 in 2024)
- Registered office
- Unit 2 Riverside Industrial Park, Coneger Road, Eastleigh, Hampshire, United Kingdom, SO50 6JQ
- Postcode
- SO50 6JQ
- Capital
- 190 GBP
- Accounts category
- Group
- Charges
- 1 outstanding
Accounts
- Last made up to
- 2025-10-31
- Next due by
- 2027-07-31
- Financial year end
- 31 October
Confirmation statement
- Last statement dated
- 2026-03-03
- Next due by
- 2027-03-17
Nature of business (SIC)
- 70100 Activities of head offices
Officers 2 current · 4 resigned
Group structure 4 subsidiaries
-
BLACKMORE VALE HOMES LLP Dissolved
From persons-with-significant-control filings on the public register.
Previous company names
| Name | Date changed |
|---|---|
| BONDCO 939 LIMITED | 2002-07-03 |
Previous registered addresses 1
| Address | Changed on |
|---|---|
| TOWN QUAY HOUSE, 7 TOWN QUAY, SOUTHAMPTON, HAMPSHIRE SO14 2PT | 2002-07-08 |
Among its peers
Top 10%
by shareholders' funds, of 159 similar companies in SO
Among the biggest employers among its local peers (63 staff).
Trading since 2002.
No.9 of the largest activities of head offices companies in Southampton →
Competitors Southampton
This company ranks 9 among activities of head offices in Southampton.
The class of 2002
42%
of the 1,401 companies in this sector incorporated in 2002 are still active today; 55% have since been dissolved.
A fact about the year, not a forecast for this company.