Element Flooring Supplies Ltd

Element Flooring Supplies Ltd, based in Greenford, UK, is a small, active company established six years ago. With five employees and £103,807 in assets, it’s a modest operation led by a single director and owner. The company boasts a perfect 5.0 Google rating based on two reviews, and regularly imports wood and wood products—the last import occurring just last month.

The company's website is minimal, suggesting a focus on direct sales rather than extensive online marketing. It appears to primarily serve the floor and wall covering industries, offering supplies and potentially installation services. It’s a real address, with only one other company registered at the same location.

Financially, Element Flooring Supplies Ltd presents a mixed picture. Current assets have fallen by 12% to £100,000, while net assets have plummeted a significant 95% to just £150. Cash reserves have also decreased substantially, dropping 92% to just £200. Trade debtors have decreased by 13%, suggesting improved collection practices. The company meets the criteria for a small business—turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. There's no auditor mentioned, which is common for small, exempt companies.

The substantial decrease in equity is a notable concern, although the company's small size and lean operation may allow it to weather these challenges. The recent change in both the directors and owner lists could signal a restructuring or new management strategy—hopefully a positive sign for the future.

Registered in England/Wales under the registration number 11769622, with a registered address at UB6 0FD, England, Greenford, Unit 27 Ockham Drive.

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