Garage Style Ltd

Garage Style Ltd from Welham Green UK: small company, holding company, active status, founded 7 years ago, 8 employees, £542,906 assets, real address, 1 director, 1 owner. Regular importer of electrical machinery and equipment (15 months imported). Irregular exporter of plastics and plastic products (2 months exported).

Garage Style Ltd is a small company operating in the floor and wall covering industries, acting as a holding company for related ventures. Established seven years ago, the business employs eight people and holds assets totaling £542,906. Based in Welham Green, Hertfordshire, it’s a real address with four other companies registered there, and is currently active. The company is led by one director and owned by Garage Style Group Ltd, whose ownership details changed a year ago.

The company’s website showcases a range of flooring solutions, primarily geared towards garages and workshops. It’s a clear-cut e-commerce operation, offering vented garage floor tiles, classic smooth raised disc tiles, and hexagon lighting systems, alongside storage cabinets and accessories. Customers can even use a garage floor configurator to visualize their ideal setup. The website also highlights a premium piano restoration business, 1066 Pianos, which operates from Cambridge and has a showroom in Harrods—a surprising and prestigious addition to the Garage Style portfolio.

Financially, Garage Style Ltd presents a mixed picture. While cash reserves have impressively increased by 150%, reaching £230,000, other key metrics show signs of pressure. Net assets have grown by 40%, reaching £340,000, but bank borrowings have been reduced by 52%, reaching £9,600. Creditors have increased by 100%, reaching £230,000, and trade debtors have decreased by 66%, reaching £29,000. The company’s small size—meeting two of three criteria for a small company—allows for agility, but the rise in creditors warrants attention. As a small company, it’s exempt from an audit, so the financial statements are unaudited.

The increase in creditors, while potentially reflecting increased business activity, could also indicate challenges in managing cash flow. The presence of the piano restoration business adds a layer of complexity, suggesting diversification but also potentially requiring significant investment. Overall, Garage Style Ltd seems to be navigating a period of growth and change, with both opportunities and challenges ahead.

Registered in England/Wales under the registration number 10805825, with a registered address at AL9 7NT, England, Welham Green, Hertfordshire, Unit 10, Alpha Business Park, Travellers Close.

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