Elite Tiling Limited

Elite Tiling and Plumbing LTD, based in Worksop, UK, is a small, active company holding a real registered address and employing eight people. Founded over seven years ago, it boasts £865,160 in assets and is managed by two directors and a secretary. The business operates as a tiling and plumbing service provider, primarily serving Nottinghamshire. Its website showcases a range of services, including bathroom packages, professional tiling, and a fixed-price guarantee. Testimonials highlight customer satisfaction, with one particularly glowing review praising the team's willingness to go above and beyond, even repairing floorboards unexpectedly.

The company’s focus is on providing high-quality tiling services, and its website emphasizes reliability and affordability. It appears to be a traditional, local service business, relying on word-of-mouth and online presence to attract customers. The business has a strong local reputation and a commitment to customer service.

Financially, Elite Tiling and Plumbing LTD presents a mixed picture. While current assets have decreased by 11% to £870,000, cash reserves have fallen a more substantial 27% to £400,000. Bank borrowings have also decreased by 28%, reaching £130,000, which could indicate improved cash flow management. However, the most concerning trend is the 29% drop in net current assets to £380,000. Trade debtors have fallen by 21%, which is good, but trade creditors have risen by 11%, suggesting a reliance on credit from suppliers. The company's small size (meeting two of three conditions for a small company) allows it to remain flexible, but the decline in equity and net assets warrants closer attention. No auditor is mentioned, which is common for small companies.

Overall, Elite Tiling and Plumbing LTD seems to be navigating a period of financial adjustment. While its local reputation and commitment to customer service are strengths, the company needs to monitor its cash flow and manage its liabilities carefully to ensure long-term stability.

Registered in England/Wales under the registration number 03656459, with a registered address at C04 9YQ, England, Colchester, Essex, 910 The Crescent, Colchester Business Park.

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