Gridline Flooring Ltd

Gridline Flooring Ltd, based in Barking, UK, is a small, active company founded seven years ago in 2017. Employing five people, it holds £1,169,539 in assets and operates from a real address within an industrial estate. With two directors and two owners, the company maintains a Google rating of 2.0 based on just three reviews, suggesting room for improvement. It’s a regular importer of iron or steel products, with recent activity recorded in August 2024.

The company's website paints a picture of a flooring contractor with a modern and professional approach. It lists locations in London—Film House, The Gherkin, and Exchequer Court—and showcases case studies highlighting its work. The site encourages visitors to reach out for questions, providing contact details and a simple form. It’s clear that Gridline Flooring Ltd is focused on building relationships and showcasing its expertise.

Financially, Gridline Flooring Ltd presents a mixed picture. While current assets increased by 26% to £1.2 million, net assets also grew by 29% to £740,000. However, cash bank on hand decreased by 47% to £160,000, and bank borrowings increased by a significant 75% to £670,000. Creditors also rose by 26% to £460,000, suggesting a greater reliance on credit. The company’s small size—meeting two of three criteria for being classified as small—helps it remain flexible, but the increased debt levels warrant close monitoring. No auditor is mentioned, likely due to its exemption as a small company. It’s a bit concerning that the number of average employees reported dropped to zero, which is unusual.

Registered in England/Wales under the registration number 10905111, with a registered address at IG11 0HZ, England, Barking, Essex, Unit 4 Bankside Park Industrial Estate, 28 Thames Road.

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