Kenmart Limited

Kenmart Ltd from Torquay UK is a small, holding company with an active status, established 23 years ago. Employing 15 people and operating from a virtual address (shared by 168 other companies), the business is led by two directors and one owner. The company regularly imports stone, plaster, cement, and similar material products (over the last three months), and occasionally exports copper and copper products (last export in June 2021).

The company’s website showcases a diverse range of building materials, from slate roofing and stone flooring to timber products and reclaimed items. It appears to be primarily a supplier, rather than an e-commerce platform, with a focus on providing materials for construction and renovation projects. A contact form allows customers to request information and place orders, suggesting a more traditional sales approach. The site also highlights a piano restoration division, 1066 Pianos, which operates separately from the building materials business.

Financially, Kenmart Ltd shows some concerning trends. Net assets decreased by 11%, dropping to £390,000, while bank borrowings increased by 8.8% to £310,000. Creditors also rose significantly, increasing by 380% to £19,000. Cash reserves, however, saw a healthy increase of 95%, reaching £62,000. Trade debtors decreased by 24%, which could indicate better debt collection. The company qualifies as a small business, meeting two of three criteria (turnover under £10.2m, assets under £5.1m, and fewer than 50 employees). As a small company, it’s exempt from an audit, and the figures are unaudited.

The company's financial position suggests it's facing some challenges, despite a strong cash position. The increase in borrowings and creditors, combined with the decline in net assets, could be due to increased investment in inventory or expansion efforts. It's likely that the company is working to manage its debt and improve its profitability, but the trends are something to keep an eye on.

Registered in England/Wales under the registration number 04353701, with a registered address at TQ2 7FF, United Kingdom, Torquay, Devon, Sigma House Oak View Close, Edginswell Park.

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