Coreflex Solutions Limited

Coreflex Solutions Ltd from Hayes UK: small company, active status, founded 5 years ago, 9 employees, £454,721 assets, virtual address, 1 director, 1 owner. Regular importer of furniture, lighting, and prefabricated buildings (4 months imported). 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 operates in the data processing, hosting and related activities industries. Officially, it has one owner or PSCs, one director, and nine employees.

While the company’s website is minimal, it suggests a focus on data processing, hosting, and related activities. There’s no obvious e-commerce presence, indicating a business-to-business model rather than direct sales to consumers. The focus seems to be on providing backend services, rather than a consumer-facing product.

Financially, Coreflex Solutions Ltd presents a mixed picture. Cash reserves grew by a healthy 52% to £310,000, which is a good sign, but debtors increased significantly by 45% to £140,000. This could mean the company is extending more credit to customers, or it’s struggling to collect payments. Creditors also decreased by 9%, which is positive, and net assets increased by 10% to £170,000. Although the company’s assets are relatively modest, the growth in cash suggests it’s managing its finances well. The lack of an auditor is typical for a small company, and the unaudited accounts rely on director-reported data. The company’s policy on depreciation and revenue recognition, as stated in the accounts, seems standard for its size and industry.

It's clear the company is holding its own, but the increase in debtors is something to keep an eye on. The growth in cash, however, is encouraging and suggests a solid foundation for future growth.

Registered in England/Wales under the registration number 12542461, with a registered address at UB4 0NN, England, Hayes, 65 Delamere Road.

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