Grestec Tiles Ltd

Grestec Tiles Ltd, based in Ashford, UK, is a small, family-run business with an active status, having been founded 23 years ago. Employing 12 people, the company holds £1,170,912 in assets and operates from a real address. With three directors and two owners, Grestec Tiles is a regular importer of ceramic products (130 months, latest in February 2025) and exporter (33 months, latest in July 2024).

The company’s website, netMAGmedia Ltd, is a specialist publishing company operating in the construction industry. It features news, articles, a product directory, and event listings, catering to professionals in the sector. The site’s content ranges from industry trends and government policy updates to product spotlights and event coverage. While it doesn’t appear to be an e-commerce site itself, it provides a platform for suppliers to advertise their products and services, generating revenue through advertising and media packages. The site's focus is on providing information and networking opportunities within the construction industry.

Financially, Grestec Tiles Ltd shows a mixed picture. Current assets remained relatively stable at £1,200,000, while net assets increased by 11% to £840,000. Bank borrowings decreased by 12%, reaching £280,000, and cash reserves fell by 23% to £440,000. Creditors decreased by 14%, suggesting improved debt management. The company’s size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain nimble, but the increase in trade debtors (58%) may indicate challenges in collecting payments. The lack of an auditor mentioned (likely exempt as a small company) means the figures are unaudited.

The increase in furniture fittings by 31% and plant machinery by 22% suggests investment in the business, while the decrease in future minimum lease payments by 34% could reflect renegotiated terms. Overall, Grestec Tiles Ltd seems to be holding its own, but the fluctuating financial metrics warrant close monitoring.

Registered in England/Wales under the registration number 04275217, with a registered address at TN27 8PJ, Ashford, Kent, Unit 4-6 Marley Farm Business Estate, Headcorn Road Smarden.

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