Apex Fibreglass Roofing Supplies Limited

Apex Fibreglass Roofing Supplies Ltd, based in Paignton, UK, is a small, family-run business active for the past decade. Employing just three people, the company holds £76,910 in assets and operates from a virtual address – registered at an address shared by seventy-eight other companies. With two directors and two owners (Reynolds Paul and Reynolds Susan Carol), the business has a 5.0 Google rating from fifty-two reviews, a testament to its customer service. It’s an e-commerce site selling fibreglass roofing kits and related supplies, catering to both DIY enthusiasts and professional contractors.

The company’s website showcases a wide range of products, including fibreglass roof kits, pond kits, adhesives, and various trims, with a focus on quality and specialist materials. They offer a range of roofing solutions, from complete overlay systems to individual components, and even provide calculators to help customers determine their material needs. They seem to be doing well with sales, with a "Spring Sale" currently running.

Financially, Apex Fibreglass Roofing Supplies Ltd has experienced some challenges. Current assets have fallen by 22%, dropping to £77,000, while net assets have plummeted by a significant 95%, leaving only £1,400. Bank borrowings have increased substantially, rising to £9,900, and cash reserves have decreased by 42%, leaving £58,000. Creditors have also fallen by 12%, which could be a positive sign of improved debt management. As a small company (meeting two of three criteria for small business status), it’s exempt from an audit, so the figures are unaudited.

Despite the decline in net assets, the company’s strong Google rating and active e-commerce presence suggest a loyal customer base. The virtual address, while potentially raising questions about operational transparency, is a common practice for small businesses. It’s clear that Apex Fibreglass Roofing Supplies Ltd is navigating a period of financial adjustment, but its established brand and focus on specialist products could help it weather the storm.

Registered in England/Wales under the registration number 09463922, with a registered address at TQ3 2HN, England, Paignton, Devon, 220 Torquay Road.

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