Independent Slate Supplies Limited

Independent Slate Supplies Limited, based in Saltash, UK, is a sizable company with an active status, celebrating 33 years in business. Employing 26 people and boasting assets of £10,876,800, it’s a significant player in the roofing supply sector. With four directors and a real address, the company operates without officially declared owners. It holds a respectable Google rating of 4.0 based on 15 reviews.

The company’s core business revolves around importing and distributing high-quality roofing slate, plaster, cement, and related products. Its website showcases a wide range of slate options, catering to both England and Wales, Scotland, and Brazil. It also highlights a focus on carbon-neutral slate and offers training resources and technical guides. The website also suggests a secondary business, possibly related to architectural elements like flooring and sills.

Financially, Independent Slate Supplies Limited demonstrates a mixed picture. While cash reserves increased by a healthy 65% to £1,700,000, net assets only grew slightly, increasing by 6.1% to £8,200,000. Bank borrowings were eliminated entirely, a positive sign, but administrative expenses increased by 5.2% to £1,700,000. Creditors decreased by 23%, suggesting improved debt management. The company meets two of three criteria to be considered a large company, with turnover exceeding £36 million and balance sheet totals over £18 million. The unaudited financial statements, prepared by Rupp & Fraser, don’t mention an auditor.

The company’s growth in assets and reduced debt are encouraging, but the increase in administrative expenses and the lack of substantial growth in net assets suggest ongoing challenges. The elimination of bank borrowings is a positive development, but it remains to be seen whether the company can sustain its growth and profitability in the long term.

Registered in England/Wales under the registration number 02701916, with a registered address at PL12 6TW, England, Saltash, Cornwall, 6 Gilston Road.

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