Hagan Flooring Limited

Hagan Flooring Ltd, based in County Tyrone, UK, is a small, active company established 22 years ago. Employing seven people, it holds assets of £1,178,711 and operates from a real address. With two directors and one owner, the company maintains a respectable Google rating of 4.0 based on 18 reviews. It's a regular importer, although its top import category is listed as 'None' with just 8 months of import activity recorded.

The company's website showcases a wide range of flooring options, from laminate and engineered wood to porcelain tiles and SPC vinyl. It's clear that Hagan Flooring caters to both wholesale and domestic clients, emphasizing a "fresh attitude to styles and trends." The site also highlights a significant secondary business: the restoration and sale of high-end pianos, operating under the "1066 Pianos" brand. This division, based in Cambridge, even has a presence in Harrods, London, specializing in museum-grade restorations.

Financially, Hagan Flooring Ltd presents a mixed picture. While current assets increased by 28% to £1,200,000, net assets experienced a 30% decrease, settling at £200,000. Bank borrowings jumped significantly, reaching £100,000, while cash reserves fell 50% to £100,000. Creditors also increased by 43%, reaching £1,100,000. The company's small size (meeting two of three criteria for a small company) allows for flexibility, but the drop in equity is concerning. There's no mention of an auditor, likely due to the company's exemption as a small entity.

Overall, Hagan Flooring Ltd appears to be navigating a challenging financial landscape. The dual focus on flooring and pianos creates a unique business model, but the company will need to carefully manage its finances to ensure long-term sustainability. It’s a bit of a shame that the company's financial statements are unaudited.

Registered in Northern Ireland under the registration number NI043496, with a registered address at BT71 5DG, County Tyrone, 37 Shanless Road, Coalisland.

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