Cornerstone Supplies Limited

Cornerstone Supplies Ltd from Sheffield UK is a small, active company founded 40 years ago. With 12 employees and £544,822 in assets, it operates from a virtual address, managed by three directors and a single owner, who is also the solo founder. The company regularly imports clothing and accessories, excluding knitted or crocheted items (3 months of imports), and exports optical and medical tools and devices irregularly (1 month of exports).

Cornerstone Supplies Ltd is an independent flooring wholesaler established in 05. It supplies underlay, floorcoverings, and accessories to the flooring trade, distributing throughout Yorkshire, Nottinghamshire, Lincolnshire, and Derbyshire. The company is a member of the Floowise Group, allowing access to quality products, but also enables sourcing from elsewhere. A trade counter is open Monday to Friday, catering to genuine trade enquiries, while an ecommerce website (tradeonlyflooringsupplies.co.uk) serves customers outside the distribution area and allows existing customers to view the product range. The company operates from Doncaster, South Yorkshire, and prides itself on holding a large stock of products available for next day delivery.

Financially, Cornerstone Supplies Ltd shows a mixed picture. Cash bank on hand increased by 39% to £61,000, but net current assets liabilities dropped by 45% to £74,000. Creditors increased by 20%, and other debt increased by 210%. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile, but the decrease in equity is a concern. The company’s accounts are unaudited, which is likely due to its status as a small company.

Registered in England/Wales under the registration number 01854182, with a registered address at S9 1XU, United Kingdom, Sheffield, The Hart Shaw Building, Europa Link.

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