Albastone Projects Limited

Albastone Projects Ltd, based in Watford, UK, is a small, active company founded eleven years ago in 2013. With six employees and £386,989 in assets, it operates from a real address and is led by one director and two owners, who are also the solo founders. The company boasts a stellar 5.0 Google rating from 54 reviews, indicating high customer satisfaction. It’s an irregular importer, primarily dealing in furniture, lighting, and prefabricated buildings, with its last import operation recorded just one month ago in October 2023.

The company operates in the floor and wall covering industries, with a website showcasing a range of products and services. While no e-commerce functionality is evident, the site suggests a focus on supplying materials and potentially offering installation services. It’s a kitchenware shop in Watford, England.

Financially, Albastone Projects Ltd presents a mixed picture. While cash reserves increased by 37% to £81,000, net assets only rose by 24% to £160,000. Bank borrowings decreased significantly by 98% to just £2,500, and cash bank on hand grew. However, trade debtors plummeted by 90%, and creditors increased by 47%. The company’s size—meeting two of three criteria for a small company—helps maintain agility, but the sharp decrease in debtors could indicate payment difficulties. Property plant and equipment declined by 11%, and depreciation increased. The company’s unaudited accounts, prepared using the VT Final Accounts software, are exempt from an audit.

Overall, Albastone Projects Ltd seems to be navigating a period of change. While cash flow is improving, the decrease in debtors and increase in creditors suggest potential challenges in managing working capital. The company’s reliance on irregular imports and its presence in a competitive industry will likely influence its future performance.

Registered in England/Wales under the registration number 08794642, with a registered address at WD24 7UB, England, Watford, 10 Sandown Road Industrial Estate.

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