Express Flooring Ltd

Express Flooring Ltd, based in Braintree, UK, is a small, active company founded eight years ago. With seven employees and £67,083 in assets, it’s a family business operating an e-commerce site and enjoying a perfect 5.0 Google rating from a single review. The company is led by two directors and two owners, with North Theresa Mary and North Peter Thomas listed as owners.

The company specializes in the retail sale of carpets, rugs, wall and floor coverings, both in specialized stores and via the internet. It’s a small operation, meeting two of three criteria for a small company: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The website, while not extensively detailed, suggests a focus on flooring solutions.

Financially, Express Flooring Ltd presents a mixed picture. Current assets have decreased by 14% to £67,000, while net assets have increased dramatically by 1200%, reaching £16,000. Bank borrowings have decreased by 29% to £24,000, and cash reserves have dropped by 34% to £17,000. Creditors have also decreased significantly by 29%. The company's equity has increased by 1300%, which is a big change. While the decrease in cash is concerning, the substantial increase in equity suggests a potential turnaround or a one-off event. There’s no auditor mentioned, which is common for small, exempt companies.

Overall, Express Flooring Ltd appears to be navigating a period of change. The company’s small size allows for agility, but the fluctuating financials warrant close monitoring.

Registered in England/Wales under the registration number 10585548, with a registered address at CM7 3HQ, England, Braintree, Essex, Corner House Corner House, Market Place.

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