Glasgow Tiles Limited

Glasgow Tiles Ltd, from Glasgow, UK, is a small, active company founded twelve years ago. Employing eight people and holding £237,552 in assets, it’s a family business with a real address and two directors and owners. The company operates an e-commerce site and has a solid Google rating of 4.0 based on 41 reviews, regularly importing ceramic products (51 months of imports).

The company’s website, Tile Mania, positions itself as Glasgow’s tile experts, offering a wide range of wall and floor tiles, including porcelain, kitchen, and mosaic options. It provides delivery and click-collect services from its Hillington warehouse and features a blog showcasing the latest tile trends. The website clearly indicates a focus on retail sales, with a user-friendly interface and detailed product descriptions.

Financially, Glasgow Tiles Ltd’s recent performance shows some concerning trends. Cash reserves have fallen by a significant 54%, dropping to £45,000, while current assets have decreased by 20%, settling at £240,000. Bank borrowings have increased slightly, with a 2.5% rise in both overdrafts. On a more positive note, creditors have fallen by 13%, suggesting improved debt management. Equity has also taken a hit, decreasing by 26% to £89,000. Despite meeting two of three criteria to be considered a small company, the decline in equity and cash reserves warrants attention. The company is exempt from an audit, so the figures are unaudited.

Overall, Glasgow Tiles Ltd appears to be navigating a challenging period. While its e-commerce platform and product range seem well-established, the financial data suggests a need for careful management to ensure long-term sustainability.

Registered in Scotland under the registration number SC425121, with a registered address at G52 4BL, Glasgow, 433 433 Hillington Road, Hillington Ind Estate.

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