Midland Flooring Ltd

Midland Flooring Ltd, based in Birmingham, UK, is a small, active company established 14 years ago. With 13 employees and £357,733 in assets, it operates from a real address and is overseen by three directors and two owners. The company is an irregular importer, primarily dealing with iron or steel products, with the most recent import occurring just two months ago. Midland Flooring specializes in floor and wall coverings, offering services like concrete flooring, underfloor heating supply, and self-levelling screed. Its website showcases a range of products and services, including polished concrete floors and even piano restoration through its 1066 Pianos division. The company's website has a blog and a good selection of products.

Financially, Midland Flooring Ltd’s recent performance presents a mixed picture. Cash reserves have surged dramatically, increasing by 370% to reach £300,000, a very positive sign. However, bank borrowings have remained consistent, at £10,000, and creditors have increased significantly, rising by 120% to £330,000. Trade debtors have fallen by 58%, which could indicate better collection practices, but also potentially reduced sales. The company’s net assets have improved by 39%, reaching £49,000. Despite a decrease in average employees from 13 to 12, the company’s small size (meeting two of three criteria for a small company) allows for flexibility. The lack of a mentioned auditor, likely due to its small size, means the financial statements are unaudited.

Overall, Midland Flooring Ltd appears to be navigating a period of change. The substantial increase in cash reserves suggests improved liquidity, but the rise in creditors warrants attention. The company’s dual focus on flooring and piano restoration, while potentially diversifying risk, also presents challenges in managing resources effectively.

Registered in England/Wales under the registration number 07328134, with a registered address at B46 2HH, Birmingham, Unit 9 The Cedars Coton Road, Nether Whitacre, Coleshill.

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