J W Timber Trading Limited

Jw Timber Trading Ltd from Chester UK: a small, active company founded just two years ago. It’s a solo founder operation with one employee and £219,658 in assets, operating from a virtual address shared by thirty-one other companies. The business has two directors and a perfect 5.0 Google rating from eleven reviews, regularly importing wood and wood products for the past eight months. It operates an e-commerce site and is described as a timber merchant.

The company's website, J.W. Timber, is a comprehensive stockholding of timber based products with a delivery service to Kent and Sussex. Established in 2003, it’s a family-run business specializing in high-quality hardwood and softwood, offering a range of products from hardwood to sheet materials and even machining services. The website emphasizes prompt delivery, quality service, and honest advice, catering to joinery manufacturers, cabinet makers, and developers. They even offer machining services and pride themselves on sourcing non-stock items.

Financially, J.W. Timber Trading Ltd shows some concerning trends. Cash bank on hand decreased by 38%, dropping to £56,000, while creditors increased by 36%, reaching £190,000. Trade debtors ballooned by 120%, jumping to £160,000. On a positive note, current assets increased by 33%, reaching £220,000. The company meets the criteria for a small company, with turnover under £10.2 million, assets under £5.1 million, and just one employee. Depreciation on property, plant, and equipment has increased significantly, particularly for motor vehicles, suggesting investment in the business. There's no mention of an auditor, likely due to the company’s small size and exemption from an audit.

Overall, J.W. Timber Trading Ltd appears to be growing, as evidenced by increased assets and debtors, but the rise in creditors and the decline in cash reserves suggest it’s burning through money. It’s possible the company is investing heavily in growth, but the trend warrants careful monitoring.

Registered in England/Wales under the registration number 14339634, with a registered address at CH1 2HT, United Kingdom, Chester, Cheshire, C/O Ellis & Co, 114-120 Northgate Street.

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