Neo Granite Ltd

Neo Granite Ltd from West Bromwich UK: small company, holding company, active status, founded 14 years ago, 28 employees, £1,027,207 assets, real address, 2 directors, 1 owner, google rating 5.0 based on 11 reviews. Irregular importer of stone, plaster, cement, and similar material products (1 months imported). Neo Granite Ltd is a small holding company operating in West Bromwich, founded fourteen years ago and employing twenty-eight people. It holds assets worth £1,027,207 and maintains a real address, with two directors and one owner overseeing operations. The company has a solid 4.0 rating on Google based on eleven reviews, showcasing a positive customer perception. It’s an irregular importer, primarily dealing in stone, plaster, cement, and related products, with its last import activity recorded one month ago in November 2023.

The company's website, neogranite.co.uk, positions it as a supplier of natural granite and marble, catering to both residential and commercial clients. It offers a wide range of products, including natural granite, marble, quartz, and sintered stone, alongside services like bespoke granite design and expert industry knowledge. The website highlights a talented and driven team, specializing in crafting stone to specific requirements for kitchens, bathrooms, swimming pools, and more. It even has a showroom in London. The company also has a separate division, Prima Marble & Granite Limited, which focuses on high-end piano restoration, a surprising and perhaps unrelated venture.

Financially, Neo Granite Ltd's recent performance shows some concerning trends. Current assets have decreased by a significant 50%, dropping to £1,000,000. Bank borrowings have also declined, but cash reserves have increased by 20% to £93,000. Creditors have fallen by 43%, which is a positive sign, but the decrease in net assets by 19% to £1,300,000 is a cause for concern. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows it to be agile, but the decline in net assets suggests it might be burning through cash. No auditor is mentioned, likely due to its small size and exemption from an audit. The company’s average number of employees has also decreased from 28 to 23. It's a bit strange that the company is still active despite these financial pressures, but its piano restoration arm, Prima Marble & Granite Limited, might be providing a much-needed revenue stream.

Registered in England/Wales under the registration number 07587310, with a registered address at B70 7JE, United Kingdom, West Bromwich, West Midlands, Unit 11 Credenda Road.

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