Midland Felt Roofing Limited

Midland Felt Roofing Ltd, based in Woodstock, UK, is a small, active company with a rich history, having been founded 70 years ago. Employing 17 people and holding assets of £2,141,062, it's a well-established player in the roofing industry. The company operates from a virtual address, a detail worth noting, and is overseen by five directors and a single owner, Snell Paul. Google users rate it 4.0 out of 5 based on three reviews, a solid reputation for a local business. It's a regular importer of stone, plaster, cement, and similar materials, with recent activity recorded just last month.

The company's website, while currently stating "New website coming soon," provides a phone number (01993 811 543) and a physical address. It seems the focus is on providing roofing services, and the lack of a fully functional website suggests a more traditional, local business model rather than a large-scale e-commerce operation.

Financially, Midland Felt Roofing Ltd presents a mixed picture. Current assets have decreased by 21%, dropping to £2,100,000, while cash reserves have plummeted 48%, settling at £740,000. Bank borrowings have increased significantly, rising by 130% to £1,100,000. Creditors have also decreased by 38%, which could indicate improved debt management. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows it to remain nimble, but the sharp decline in cash reserves is concerning. The company’s accounts are unaudited, which is common for small businesses, and no auditor is mentioned.

The company’s net assets have increased by 11%, reaching £1,100,000. This is likely due to an increase in equity. The company’s equity has increased by 11%, reaching £1,100,000. This is likely due to an increase in retained earnings. The company’s net current assets have increased by 13%, reaching £1,000,000. This is likely due to an increase in cash reserves.

Overall, Midland Felt Roofing Ltd appears to be a stable, established business facing some financial headwinds. The decrease in cash reserves warrants close attention, but the company’s long history and positive Google rating suggest it has the resilience to weather these challenges.

Registered in England/Wales under the registration number 00815272, with a registered address at OX20 1HZ, England, Woodstock, Oxfordshire, Field Barn, Woodleys.

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