Masterplank Limited

Masterplank Limited is a small, active company based in Shrewsbury, UK, founded four years ago in 2021. With £168,041 in assets and a real registered address, it’s a solo-founded operation run by a single director and owner, Evans Stephen Taylor. The business operates an e-commerce site specializing in handmade, bespoke rustic wooden furniture. The website showcases a wide range of products, from dining tables and benches to shelving and desks, catering to both home and office spaces, and even offering outdoor furniture. They also provide custom order services, emphasizing their craftsmanship and sustainable practices.

While primarily focused on online retail, the website also features a blog with articles on interior design and furniture care, reinforcing their expertise. They’re also importing furniture, lighting, and prefabricated buildings, with one month of import activity recorded as of March 2024.

Financially, Masterplank Limited shows some concerning trends. Cash bank on hand decreased by 29%, falling to £18,000, while bank borrowings surged by an astounding 1200%, reaching £37,000. Trade creditors increased by 71%, reaching £200,000, suggesting they’re relying more on credit from suppliers. Despite these pressures, net assets increased by 17%, reaching £2,500, and the company’s average number of employees increased by 67%, rising to 20. The company is small, meeting two of three criteria for turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

It seems Masterplank is growing, but also facing challenges in managing its finances. The increase in borrowing and the decrease in cash reserves suggest they may be investing heavily in their business, or perhaps struggling to maintain a healthy cash flow. The growth in employees is a positive sign, but whether they can sustain this momentum remains to be seen.

Registered in England/Wales under the registration number 13197623, with a registered address at SY1 3FG, England, Shrewsbury, Shropshire, Unit 4 Harlescott Business Park, Harlescott Lane.

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