Concept Distribution Limited

Concept Distribution Limited, based in Lancashire, UK, is a small, active company established 20 years ago. With eight employees and £1,728,006 in assets, it’s a family business led by a solo founder and two directors. The company regularly imports and exports basic metal tools and utensils – 81 months of imports and 9 months of exports recorded – and operates from a real address.

The company’s website, conceptdistributionwholesale.co.uk, reveals a focus on wholesale building products, particularly high-quality woodscrews and applicator guns. It caters to the construction industry both in the UK and internationally, with a particular emphasis on unique and patented products. The site also highlights a separate venture, 1066 Pianos, which specializes in piano restoration and disaster recovery – a surprising diversification from the core building supply business.

Financially, Concept Distribution Limited shows a mixed picture. Current assets have decreased by 18%, dropping to £1,300,000, while net assets have increased by 7.5%, reaching £1,800,000. Bank borrowings have significantly reduced by 26%, falling to £260,000, and cash reserves have surged by 230%, climbing to £250,000. Creditors have also decreased by 48%, suggesting improved financial management. The company meets the criteria for a small company – turnover under £10.2 million, assets under £5.1 million, and fewer than 25 employees – and is exempt from an audit.

Despite the positive trends in cash and creditors, the decrease in current assets warrants attention. The company’s dual focus on building supplies and piano restoration presents both opportunities and challenges, and its ability to leverage these ventures effectively will be crucial for its long-term success.

Registered in England/Wales under the registration number 05126771, with a registered address at PR2 3AE, Lancashire, 316 Blackpool Road, Fulwood, Preston.

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