Cre8 Kitchens Bathrooms And Bedrooms Limited

Cre8 Kitchens Bathrooms And Bedrooms Ltd, based in Gainsborough, UK, is a small, family-run business with an active status. Founded seven years ago in 2018, it employs just two people and holds £19,496 in assets. The company, with two directors and owners, boasts a perfect 5.0 Google rating from nine reviews. It’s an irregular importer, primarily bringing in furniture, lighting, and prefabricated buildings – just one month of imports was recorded as of July 2024.

The company’s website highlights its services in kitchen, bathroom, and bedroom renovations, alongside home extensions and smart technology integration. It positions itself as a provider of high-quality installations, emphasizing experience and commitment. The business operates from a real address at 24A Hickman Street, Gainsborough, and is open limited hours, Tuesday to Thursday.

Financially, Cre8 Kitchens Bathrooms And Bedrooms Ltd shows some concerning trends. Current assets have dropped by 15%, settling at £19,000, while net assets have decreased by a significant 13%, now at -£75,000. Bank borrowings have remained steady at £10,000, but cash reserves have seen a dramatic increase of over 1200%, reaching £5,700. Trade debtors have fallen by nearly 44%, suggesting better collection practices. The company meets the criteria for a small business – with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. As a small company, it is exempt from an audit, so the figures are unaudited.

While the business maintains a strong online presence and positive customer reviews, the decline in equity and assets warrants attention. The increase in cash reserves is a positive sign, but whether this is a temporary influx or a sustainable trend remains to be seen. It’s a bit of a mixed bag, really.

Registered in England/Wales under the registration number 11157371, with a registered address at DN21 2DZ, England, Gainsborough, 24a Hickman Street.

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