Critchcraft Limited

Critchcraft Ltd, based in Cardiff, UK, is a small, active company celebrating its 60th anniversary this year. Founded in 1965, the business employs just one person and holds £1,876,825 in assets, operating from a virtual address shared by twenty-one other companies. With three directors and a single owner, Critchcraft Ltd runs an e-commerce site and boasts a respectable 4.0 Google rating from 82 reviews. The company regularly imports ceramic products, with nineteen months of import activity recorded.

The company’s website, Critchcraft floor wall tiles, presents a different picture – a well-established tile warehouse with a showroom in Chepstow. It emphasizes award-winning service, a wide selection of tiles, and a focus on inspirational guidance for customers. The site showcases a range of wood-effect porcelain tiles, stone tiles, and ceramic tiles, alongside adhesives, tile cutters, and grout. Critchcraft even offers professional tiling advice and links to helpful YouTube videos. It’s clear that the company prioritizes customer service and a comprehensive product offering.

Financially, Critchcraft Ltd shows a mixed bag. Current assets remained stable at £1,900,000, while net assets increased by 7.1% to £2,000,000. However, bank borrowings increased by 2,400% to £29,000, and cash reserves fell 30% to £28,000. Trade debtors ballooned by 890%, suggesting delayed customer payments or expanded credit terms, and creditors rose 35% to £34,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile, but the sharp equity drop raises questions. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

The company’s growth in assets is promising, but the increase in debt and decrease in cash reserves suggest it might be reinvesting heavily or facing some financial strain. The consistent import activity and positive customer reviews indicate a solid foundation, but careful management will be needed to navigate these financial challenges.

Registered in England/Wales under the registration number 00840878, with a registered address at CF24 5PJ, Cardiff, 7 Neptune Court, Vanguard Way.

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