Floors 'n' Carpets Ltd

Floors N Carpets Ltd, based in Blackburn, UK, is a small, family business with an active status, celebrating 20 years since its founding in 2005. Employing 38 people, the company holds assets valued at £4,417,092 and operates from a real address. Two directors and two owners manage the business, which has a respectable Google rating of 4.0 based on 11 reviews. The company regularly imports carpets and textile floor coverings, with 64 months of import activity recorded.

The company’s website highlights its role as a UK-based, independent wholesale distributor of flooring products, serving carpet retailers and independent businesses nationwide. They offer a wide range of carpets, vinyls, laminate flooring, underlay, artificial grass, and accessories, emphasizing competitive pricing and excellent customer service. They even offer trade accounts with exclusive benefits. The website suggests a focus on B2B sales rather than direct-to-consumer retail.

Financially, Floors N Carpets Ltd’s report shows a mixed picture. While current assets increased by 7.1% to £4,400,000, net assets only rose slightly to £2,200,000. Bank borrowings increased significantly, reaching £100,000, and cash reserves decreased by 55% to £280,000. Creditors also increased by 16% to £3,000,000. 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 increase in bank borrowings and decrease in cash suggests a need for careful financial management. The unaudited figures, with no auditor mentioned, rely on internal reporting.

The rise in bank borrowings could be linked to increased inventory levels, evidenced by a 34% increase in finished goods to £2,600,000. This might reflect anticipation of increased demand or a strategic move to secure favorable pricing from suppliers. The company's continued focus on wholesale distribution, as indicated by its website, suggests a business model reliant on consistent sales to maintain profitability—and hopefully, avoid burning through cash.

Registered in England/Wales under the registration number 05377935, with a registered address at BB1 3AH, United Kingdom, Blackburn, Cobble Building, Gate Street.

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