Croydon Granite Ltd

Croydon Granite Ltd, based in London, UK, is a small, active company founded 14 years ago in 2011. With 14 employees and £373,941 in assets, it operates from a real address in Tooting and is managed by two directors and one owner. The company is an irregular importer, primarily bringing in machinery, boilers, and mechanical appliances—parts, with the last import activity recorded one month ago in July 2021.

The company’s website showcases a diverse range of natural stone surfaces, including quartz, granite, and marble, catering to kitchen worktops and countertops. It positions itself as a trusted supplier with a price promise, emphasizing direct sourcing and UK craftsmanship. The website also highlights a showroom in Clapham and a workshop in Warlingham. The company seems to be doing well, they have 50,000 happy customers.

Financially, Croydon Granite Ltd’s recent performance presents a mixed picture. While the company’s net assets improved by 110%, from -£33,000 to £4,500, other metrics raise concerns. Cash reserves have plummeted by 97%, leaving just £980. Bank overdrafts have decreased by 14%, and trade debtors have fallen by 46%. The company’s size—meeting two of three criteria for a small company—helps it remain agile. The company's average number of employees during the period has decreased by 36%, from 14 to 9. The accounts are unaudited, as the company is exempt from an audit.

The significant drop in cash reserves, despite improved net assets, suggests the company may be burning through money faster than it’s bringing it in. While the company's turnover is not mentioned, it is likely to be affected by this trend. The decrease in employees could be a cost-cutting measure, or it could reflect a slowdown in business.

Registered in England/Wales under the registration number 07488463, with a registered address at SW17 0SG, London, 214 Tooting High Street, Tooting.

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