Floorless Floors Limited

Floorless Floors Ltd, based in High Wycombe, UK, is a small, active company founded twelve years ago in 2012. With £249,198 in assets and a real address, it's a family affair, managed by two directors and a single owner who is also the solo founder. The company operates an e-commerce site and enjoys a solid 4.0 Google rating from 25 reviews. It regularly imports wood and wood products, with the latest import activity recorded three months ago.

Floorless Floors specializes in high-gloss laminate flooring, offering a range of textures and colours to suit various tastes. Its website highlights a focus on providing luxury flooring at competitive prices, with options ranging from white gloss to classic wood finishes. The business emphasizes direct sourcing from manufacturers to keep costs down and offers free shipping on orders over £750. They even have a showroom in High Wycombe.

Financially, Floorless Floors Ltd shows some concerning trends. While current assets are £250,000, net assets have plummeted to -£40,000 – a significant drop. Bank borrowings have decreased by 34%, but creditors have also fallen. Cash reserves are down 5%, and trade debtors remain stable. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. Depreciation on plant and machinery has also increased slightly. There's no mention of an auditor, which is common for small companies.

Overall, Floorless Floors Ltd appears to be navigating a period of financial pressure. While its e-commerce site and product range seem well-positioned, the declining equity and negative net assets suggest a need for careful management. It's possible that increased competition or rising material costs are impacting profitability, but more information would be needed to confirm this.

Registered in England/Wales under the registration number 08271889, with a registered address at HP13 6TQ, High Wycombe, Buckinghamshire, 4a Corporation Street.

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