Granite Setts Uk Limited

Granite Setts UK Limited, based in Orpington, UK, is a small, active company founded nine years ago in 2015. It employs just three people and holds £55,076 in assets, operating from a virtual address shared by many other businesses. The company is family-run, with two owners and three directors at the helm, and boasts a stellar 5.0 Google rating from nine reviews. It’s a regular importer, specializing in stone, plaster, cement, and similar materials, with 7 months of import activity recorded as of April 2024. The company operates within the wholesale of wood, construction materials, and sanitary equipment industries.

The company’s website, salesgranitesettsuk.co.uk, showcases a wide range of granite setts, kerbs, tiles, and decking options, catering to both domestic and commercial projects. It emphasizes quality, durability, and British craftsmanship, sourcing granite from a Portuguese quarry and fabricating it on-site. The website also highlights a unique granite decking solution and offers free samples to potential customers. It’s clear they’re aiming for a premium market, with a focus on museum-grade restorations and disaster recovery for pianos—a surprising, related venture.

Financially, Granite Setts UK Limited presents a concerning picture. Current assets have plummeted by a staggering 73%, falling to just £55,000, while net assets have crashed 97%, leaving only £2,700. Bank borrowings increased by 33%, reaching £20,000, and cash reserves have shrunk 11%, sitting at £25,000. Creditors have significantly decreased by 57%, which is a positive sign, but the dramatic drop in equity is a serious red flag. Trade debtors have also seen a massive decline of 95%, which may indicate difficulties in collecting payments. The company's small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the sharp decline in equity raises questions about its long-term viability. With no auditor mentioned, the figures rely on unaudited statements.

In short, Granite Setts UK Limited is facing financial headwinds. While its website and product range suggest a focus on quality and customer service, the numbers paint a picture of a business struggling to maintain its financial health. Whether the company can weather this storm and sustain its operations remains to be seen.

Registered in England/Wales under the registration number 09697964, with a registered address at BR6 8QE, United Kingdom, Orpington, Kent, Lynwood House, Crofton Road.

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