Explore Tiling And Flooring Limited

Explore Tiling And Flooring Limited, based in London, UK, is a small holding company with an active status. Founded four years ago in December 2020, it employs five people and holds assets totaling £1,689,266. The company operates from a real address and is overseen by two directors and one owner. It's an irregular importer, primarily dealing in ceramic products, with its last import operation recorded two months ago in August 2024. The company’s website is currently under construction, with a message directing visitors to email for pricing inquiries.

The company operates in the other construction installation industries, and its website suggests a focus on pricing and customer service. The site’s current state—a simple holding page—indicates a possible shift in priorities or a temporary pause in online sales.

Financially, Explore Tiling And Flooring Limited presents a mixed picture. While net assets increased significantly by 430%, reaching £110,000, cash reserves also jumped to £53,000. However, creditors have risen dramatically, increasing by 480% to £510,000, suggesting a reliance on credit. Trade debtors have also increased, by 380% to £450,000, which could indicate difficulties in collecting payments. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the substantial increase in both creditors and debtors warrants attention. The company’s average number of employees has also increased by 67%, from three to five, which may be a factor in the increased debts. No auditor is mentioned, as is common for small, exempt companies.

Overall, Explore Tiling And Flooring Limited seems to be growing, but its financial health requires careful monitoring. The significant increase in debt suggests a need for improved cash flow management, and the company’s future success hinges on its ability to effectively manage its liabilities and maintain strong customer relationships.

Registered in England/Wales under the registration number 13087726, with a registered address at WC1X 8BP, England, London, 344 - 354 Gray's Inn Road.

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