Minster Paving Limited

Minster Paving Ltd, based in Standlake, UK, is a small, active family business established fifteen years ago. With thirteen employees and £1,268,012 in assets, it operates from a real address and is overseen by two directors and owners. The company is an irregular importer, primarily dealing in machinery, boilers, and mechanical appliances – parts, with its last import operation occurring over a year ago in June 2022. It’s a manufacturer of concrete products for construction purposes, and other articles of concrete, plaster and cement industries.

The company’s website showcases a wide range of paving solutions, from manufactured and porcelain options to natural stone and block paving. It offers a complete online store with nationwide delivery and emphasizes high-quality products manufactured in Oxfordshire. The site also provides samples, how-to guides, and even a clearance section, suggesting a focus on both retail and trade customers. It’s a pretty well-designed website, and it’s clear they want to sell directly to consumers.

Financially, Minster Paving Ltd’s numbers present a mixed picture. While net assets grew by a modest 4.6% to £2,200,000, current assets dropped by 2.8% to £1,300,000. Bank borrowings decreased by 15% to £280,000, which is good, but overdrafts increased significantly – 140% to £120,000. Trade debtors rose by 11%, which could indicate an increase in sales, but also a potential issue with collecting payments. Cash reserves remained stable at £1,100,000. The company meets the criteria for a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. Because it’s a small company, it’s exempt from an audit, so the financial statements are unaudited.

Overall, Minster Paving Ltd appears to be a stable, family-run business, but the increase in overdrafts warrants a closer look. The company's focus on manufacturing and online sales suggests a potential for growth, but managing cash flow will be key to its continued success.

Registered in England/Wales under the registration number 07026729, with a registered address at OX29 7PL, Standlake, Oxfordshire, Unit 4a Standlake Business Park, Cotswold Dene.

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