First Class Terrazzo Ltd

First Class Terrazzo Ltd is a small, active company based in Airdrie, UK, founded ten years ago in 2015. With three employees and £418,591 in assets, it operates from a virtual address – fifteen companies registered at the same location – and is led by a solo founder and director, Bennett Peter. The company’s core business lies in the floor and wall covering industries, and it’s an irregular importer, bringing in clothing and accessories, not knitted or crocheted, for a couple of months, with the last import occurring in November 2024.

The company’s website is non-existent, so it’s difficult to determine if it operates an e-commerce platform. However, its description suggests a focus on supplying materials and services for the construction and renovation sectors.

Financially, First Class Terrazzo Ltd presents a mixed picture. While cash bank on hand increased by 9.1% to £120,000, current assets remained relatively stable at £420,000. However, net assets declined slightly to £420,000, and trade debtors decreased by 5.1% to £190,000. Bank borrowings decreased by 14% to £160,000. Creditors decreased by 14% to £160,000. The company meets two of the three criteria to be considered small – turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees – which allows it to benefit from simplified reporting requirements. The company is exempt from an audit, and the financial statements are unaudited.

The company’s financial data shows a steady decline in depreciation charges for its motor vehicles, which could be due to older vehicles being replaced or a change in maintenance practices. It’s worth noting that the company’s defined contribution pension scheme contributes to employee well-being, and the company operates a defined contribution pension scheme. Overall, First Class Terrazzo Ltd appears to be navigating a challenging environment, but its small size and focus on a niche market could help it weather the storm.

Registered in Scotland under the registration number SC503556, with a registered address at ML6 0BD, Airdrie, 91 Alexander Street.

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