Miva Wood Floors Ltd

Miva Wood Floors Ltd, based in West Drayton, UK, is a small, active company established ten years ago. With a single employee and £57,697 in assets, it operates from a virtual address, a detail highlighted by the presence of thirty-one other companies registered at the same location. Vaughan Michael serves as both director and owner, representing a solo founder model. The company imports wood and wood products irregularly, with the last import occurring one months ago.

The company’s website showcases a passion for bespoke wood floors, offering planks, herringbone, chevron, and panel flooring in a range of colours and textures. It caters to clients in London and the South East, providing advice on everything from floor type to design and installation. The website highlights the company’s 20 years of experience and emphasizes British craftsmanship.

Financially, Miva Wood Floors Ltd presents a mixed picture. While current assets increased by 15% to £58,000, net assets saw a dramatic surge to £45,000, a significant improvement from the previous year. Cash bank on hand also increased by 4.5% to £47,000. However, trade debtors have risen sharply by 94%, suggesting a potential challenge in collecting payments. Creditors decreased by 75%, a positive sign for debt management. The company’s small size (meeting two of three conditions for being classified as small) allows for agility, but the increase in debtors warrants attention. The absence of an auditor—likely due to exemption as a small company—means the financial data is unaudited.

It seems Miva Wood Floors Ltd is experiencing growth, but needs to keep a close eye on its accounts receivable to ensure healthy cash flow.

Registered in England/Wales under the registration number 09384592, with a registered address at UB7 7RQ, England, West Drayton, Middlesex, Bentinck House, Bentinck Road.

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