Advanced Roofing Supplies Limited

Advanced Roofing Supplies Ltd, based in Barrow In Furness, UK, is a small holding company with an active status. Established 27 years ago in 1998, it employs just four people and holds assets totaling £3,622,674. With a real address and a single director and owner, the company operates as an irregular importer of stone, plaster, cement, and similar material products, with its last import activity recorded a little over two years ago in May 2022.

The company’s primary activity involves acting as agents involved in the sale of timber and building materials. While no website is available to examine, this suggests a B2B focus rather than direct consumer sales. The company's small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but also presents challenges in scaling operations.

A review of the company’s financial data reveals a mixed picture. Cash bank on hand increased by a substantial 22%, reaching £3 million, which is good news. However, trade debtors also increased, suggesting potential issues with customer payments. Creditors decreased by nearly 8%, which is a positive sign of better debt management. Net assets increased by 13%, reaching £3.2 million, but bank borrowings increased, which may be a cause for concern. The company’s net current assets also increased by 13%, reaching £3.1 million.

Despite these fluctuations, the company appears to be financially stable, although it’s worth noting that the financial statements are unaudited, and therefore, should be viewed with a degree of caution. The lack of an auditor is typical for small companies. The company's financial statements are prepared in accordance with FRS 102, and the director acknowledges his responsibilities under the Companies Act. The company is entitled to exemption from audit under section 477 of the Companies Act 2006.

Registered in England/Wales under the registration number 03556126, with a registered address at LA14 4RF, Barrow In Furness, Cumbria, Scarth Road, Sowerby Woods Business Park.

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