Antares Wood Floors Limited

Antares Wood Floors Ltd from East Grinstead UK: small company, active status, founded 16 years ago, 7 employees, £69,383 assets, real address, 2 directors, 2 owners. Irregular importer of wood and wood products (1 months imported). It’s a Sussex-based company specializing in wood flooring, offering expert services and a wide range of options for homeowners. Founded sixteen years ago, the business operates from three showrooms across Sussex—East Grinstead, Haywards Heath, and Lewes—and employs seven people. It’s a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, employees less than 50.

The company’s website highlights its focus on providing “expert wood flooring services” and showcasing a “comprehensive range of wood flooring options.” It seems to operate primarily as a retail business, guiding customers through the selection process and offering installation services. They have a strong emphasis on customer service, with testimonials praising their knowledge and patience. It’s an irregular importer, with its top import category being Wood and Wood Products, totaling 1 months of imports. The last import operation was conducted on April 01, 2024.

Financially, Antares Wood Floors Ltd presents a mixed picture. Current assets have decreased by 35% to £69,000, while net assets have fallen by 8.3% to -£30,000. Bank borrowings have increased significantly by 200%, reaching £30,000, and cash reserves have plummeted 89%, leaving just £1,400. Creditors have also decreased by 25%, suggesting some improvement in debt management. The company’s small size and lack of auditor (likely exempt as a small company) mean the figures are unaudited.

The sharp decline in cash reserves and the negative equity raise concerns about the company’s financial health. While the decrease in creditors is a positive sign, the overall trend suggests Antares Wood Floors Ltd is facing financial pressures. It’s possible the company is reinvesting in its showrooms or expanding its product range, but a closer look at its cash flow would be needed to confirm this.

Registered in England/Wales under the registration number 06739802, with a registered address at RH19 1BY, England, East Grinstead, 79 Railway Approach.

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