Advance Porcelain Ltd

Advance Porcelain Ltd is a small, holding company based in London, UK, with an active status. Founded two years ago in August 2022, it employs just two people and holds £1,493 in assets. The company operates from a virtual address, sharing a location with over 91,000 other businesses, and is managed by two directors and one owner.

The company's activities revolve around agents involved in the sale of timber and building materials, as well as the retail sale of carpets, rugs, wall and floor coverings. It also provides landscaping services, including hard landscaping, brickwork, and timberwork, and even offers commercial services like car park paving. The website highlights a range of services, from traditional block paving to porcelain paving, and even boasts a team of highly qualified technicians, including a director with a prestigious Myerscough College diploma.

Financially, Advance Porcelain Ltd presents a mixed picture. Current assets have increased by a significant 1,400%, reaching £1,500, but net assets have plummeted by a whopping 48,000%, resulting in a negative equity of -£48,000. Bank borrowings have also increased, and creditors are at £50,000. The company’s small size (meeting two of three conditions for a small company) allows for agility, but the sharp decline in equity raises concerns. The company is exempt from an audit, so the figures are unaudited. It's likely that the company is burning through money, but the details of the business’s financial health are not clear.

Registered in England/Wales under the registration number 14306320, with a registered address at WC2H 9JQ, United Kingdom, London, 71-75 Shelton Street, Covent Garden.

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