Granite Supplies Limited

Granite Supplies Limited, based in Cheltenham, UK, is a small, active company established 26 years ago. With just two employees and £119,235 in assets, it operates from a virtual address, a detail highlighted by the fact that 127 companies are registered at the same location. Two directors and one owner manage the business, which boasts a stellar 5.0 Google rating from 93 reviews. The company regularly imports stone, plaster, cement, and similar material products, with the last import occurring five months ago.

The company’s website, infogranitesupply.co.uk, showcases Granite Supply as a kitchen worktop company in Essex, specializing in quartz, granite, marble, and Dekton surfaces. It caters to both residential and commercial clients, offering bespoke worktops and installation services. The site highlights a 15-year experience in the industry, tailored services, and competitive prices. It also features a blog with articles on kitchen design and maintenance, and a gallery showcasing past projects. The company even has a presence on Instagram, promoting its quartz worktops and engaging with potential customers.

Financially, Granite Supplies Limited presents a mixed picture. While cash bank on hand remained steady at £120,000, current assets declined by 8.8% to £120,000. Bank borrowings increased by 7.6% to £11,000, and trade debtors plummeted by a significant 78% to just £2,600—a sign that customers are taking longer to pay. Creditors also decreased by 3.6% to £99,000. The company’s equity, however, saw a substantial increase of 82% to £6,500, which could indicate retained earnings. As a small company meeting two of three conditions for classification (turnover under £10.2m, assets under £5.1m, and fewer than 50 employees), it’s exempt from an audit, so the figures are unaudited. The company’s financial instruments were steady, with accrued liabilities remaining at £1,100.

The sharp drop in debtors is a point of concern, but the rise in equity suggests a potentially healthy underlying business. While the virtual address might raise questions about operational costs, the company's strong Google rating and focus on high-quality materials indicate a customer-centric approach. The company's financial instruments were steady, with accrued liabilities remaining at £1,100.

Registered in England/Wales under the registration number 03590814, with a registered address at GL53 0AN, England, Cheltenham, 7 Rockfield Business Park Old Station Drive, Leckhampton.

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