Felt Products Ltd

Felt Products Ltd from Scarisbrick UK: a small, active company founded thirteen years ago, employs ten people, and holds £1,431,207 in assets. It's a family business with a solo founder, managed by two directors and two owners, and enjoys a perfect 5.0 Google rating based on fifteen reviews. Regular importer of stone, plaster, cement, and similar material products (39 months imported), the company operates from a real address and is a wholesale supplier of roofing materials.

The company’s website, feltproducts.co.uk, showcases a wide range of roofing supplies, from shed felt to shingles and breathable membranes. It operates as an e-commerce business, offering products to both trade and retail customers. The site highlights a sales and technical hotline, indicating a focus on customer service. The company supplies timber merchants, roofing merchants, and builders merchants across the UK, as well as the largest shed manufacturers. It even offers a range of bitumen adhesives and paints.

Financially, Felt Products Ltd’s recent performance presents a mixed picture. While net assets increased by a modest 4.5% to £1,300,000, cash reserves plummeted 61% to £190,000. Bank borrowings, however, surged by a dramatic 190%, reaching £29,000, suggesting increased reliance on credit. Trade debtors decreased by 23%, which could indicate improved cash flow management, but the sharp drop in cash reserves is a cause for concern. The company’s small size (meeting two of three conditions for being a small company) allows for flexibility, but the increase in debt needs to be monitored. The accounts are unaudited, as is typical for a small company. The company’s growth in assets is a positive sign, but the increased debt and reduced cash reserves suggest a need for careful financial management in the coming months.

Registered in England/Wales under the registration number 07880053, with a registered address at L40 9QH, England, Scarisbrick, L, Felt Products Ltd, Bescar Brow Lane.

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