Matrix Tiles Ltd

Matrix Tiles Ltd, based in Hayes, UK, is a small, active company founded seven years ago. With two employees and £426,848 in assets, it operates from a real address and is overseen by one director and owner. Google reviews are stellar, boasting a 5.0 rating from 34 customers. The company is an irregular importer of electrical machinery and equipment, with the last import activity recorded two months ago.

The company’s website showcases a wide range of tiles, from outdoor paving to porcelain and essentials, catering to both residential and commercial projects. It operates as a retail business, selling tiles online and likely through a physical location, emphasizing quality, style, and functionality. The site highlights a commitment to customer service, offering a variety of design options and expert advice. The business seems to be growing, with a focus on providing a wide range of products and services.

Financially, Matrix Tiles Ltd’s report shows some concerning trends. Bank borrowings have increased significantly, up 72% within a year, reaching £23,000, while cash reserves have fallen to -£4,900. Creditors have also increased substantially, rising 450% within a year to £200,000. Despite this, debtors have decreased, suggesting better debt management. Net assets have fallen by 70%, reaching -£110,000, and net current assets have dropped by 37%. The company meets the criteria for a small business, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. The lack of an auditor, likely due to its small size, means the figures are unaudited.

While Matrix Tiles Ltd maintains a strong online presence and positive customer feedback, the financial data suggests it’s facing some financial pressure. The increase in borrowings and decrease in cash reserves could indicate a need for careful cash flow management, and the decline in equity is something to watch closely.

Registered in England/Wales under the registration number 11200808, with a registered address at UB4 0JT, England, Hayes, Conway House, Springfield Road.

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