J. Day Stoneworks Limited

J. Day Stoneworks Limited, based in Welwyn, UK, is a small, active company founded 21 years ago. With 15 employees and £539,846 in assets, it’s a well-established business operating from a virtual address – a detail worth noting as ninety-five companies are registered at the same location. The company is run by three directors and owned by two individuals, holding a stellar 5.0 Google rating based on ninety-nine reviews. It regularly imports iron or steel products, with the latest activity recorded six months ago.

The company specializes in stone and fireplace solutions, operating as a fireplace shop in Colney Heath. It's a private limited company, and its website, while not directly linked to the report, suggests a focus on bespoke fireplace installations and restoration services. The company’s core business involves retail, and the website’s presence indicates a move towards showcasing craftsmanship and design.

Financially, J. Day Stoneworks Limited presents a mixed picture. Current assets have fallen by 26% to £540,000, and net assets have decreased by 17% to £310,000. Cash reserves have taken a significant hit, dropping 44% to £220,000. Trade debtors have also seen a substantial decline, falling 52% to £66,000. On a positive note, creditors have been reduced by 28% to £340,000, suggesting improved debt management. The company meets two of the three criteria for being a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The lack of an auditor mentioned (likely exempt as a small company) means the figures are unaudited.

The sharp drop in cash reserves and overall net assets is concerning, potentially indicating increased operational expenses or a slowdown in sales. The reduction in trade debtors is a positive sign, but the company will need to carefully manage its working capital to ensure its long-term financial health.

Registered in England/Wales under the registration number 04978734, with a registered address at AL6 9EW, England, Welwyn, Hertfordshire, 10 Prospect Place.

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