Everest Stone Ltd

Everest Stone Ltd, based in Reading, UK, is a small, active company founded four years ago. With three employees and £222,961 in assets, it’s a solo-founded venture led by a single director and owner, Alryabi Mohammad Kheir Majd. The business boasts a perfect 5.0 Google rating from two reviews and operates as an irregular importer of furniture, lighting, and prefabricated buildings, with just one month of import activity recorded as of April 2023.

The company’s website, EverestStone, positions itself as a specialist in kitchen and bathroom worktops. It offers a wide range of materials, including quartz, Caesarstone, and Silestone, and provides services such as fabrication, installation, and restoration. The site highlights competitive pricing, a free quote service, and a gallery of completed projects—all hallmarks of a business targeting homeowners and contractors. It’s clear they are focused on a B2B and B2C model.

Financially, Everest Stone Ltd shows a mixed picture. Cash bank on hand has fallen dramatically, down 79% to just £18,000, while debtors have increased by a substantial 38% to £180,000. This could indicate a shift towards offering credit to customers, or potentially, difficulties in collecting payments. Creditors have also decreased by 53%, which is a positive sign, suggesting improved debt management. Equity has improved slightly, moving from a negative -£59,000 to -£46,000, but the company still has net liabilities. The average number of employees has also decreased by 33%, from three to two, which could be due to restructuring or seasonal fluctuations. As a small company meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees, it’s likely exempt from an audit, and the figures are unaudited.

Overall, Everest Stone Ltd appears to be navigating a period of change. While the business is maintaining a strong online presence and positive customer reviews, the financial data suggests it’s burning through cash, and the decrease in employees could be a cause for concern. It will be interesting to see if the company can turn its financial performance around in the coming months.

Registered in England/Wales under the registration number 13233314, with a registered address at RG2 0BF, England, Reading, Unit 7 Trade City.

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