J2 Flooring Limited

J2 Flooring Ltd, based in Southport, UK, is a small, family-run business with an active trading status. Founded 27 years ago in 1998, the company employs just one person and holds £2,319,467 in assets. It operates from a real address and is managed by a single director and two owners. A Google rating of 4.0 from 16 reviews suggests a positive customer experience, and the company runs an e-commerce site. J2 Flooring regularly imports plastics and plastic products, with three months of import activity recorded as of August 2024.

The company’s website showcases a retail business specializing in carpets, rugs, wall, and floor coverings, operating primarily through online sales. It's a specialized store, and the website emphasizes a wide selection and competitive pricing. The business is described as a retail sale of carpets, rugs, wall and floor coverings in specialised stores, retail sale via mail order houses or via internet industries.

Financially, J2 Flooring Ltd presents a mixed picture. Current assets have fallen by 8% to £2,300,000, while net assets have decreased by 21% to £1,400,000. Bank borrowings have increased by 7.7% to £78,000, and cash reserves have risen by 46% to £180,000. Creditors have increased significantly by 30% to £1,100,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the decrease in equity raises questions. There's no auditor mentioned, likely due to the company’s exemption as a small entity.

The rise in bank borrowings and the increase in creditors, coupled with the decrease in net assets, suggests the company is burning through cash, although the increase in cash reserves is a positive sign. It's possible that the company is investing in inventory or marketing to drive sales, but the trend warrants close monitoring. The increase in other creditors and other debtors may indicate a need to manage payment terms more effectively.

Registered in England/Wales under the registration number 03497184, with a registered address at PR8 6BT, England, Southport, Merseyside, 22-24 Hart Street.

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