New Image Flooring Limited

New Image Flooring Ltd, based in Lichfield, UK, is a small, active company established 14 years ago. Despite a strong 5.0 Google rating from a single review, the business is currently facing some challenges, with accounts overdue for seven months. The company, run by a solo founder and single director, employs just one person and holds £104,974 in assets. It operates from a virtual address, shared by seventeen other companies, which may indicate a cost-saving strategy. The firm regularly imports aluminum and aluminum products, with the last import operation recorded in January 2025.

The company’s website, while not providing detailed e-commerce information, describes New Image Flooring Ltd as operating in the floor and wall covering industries. It’s a flooring contractor based in Tamworth, England.

Financially, New Image Flooring Ltd presents a mixed picture. While current assets have increased by 13% to £100,000, net assets have dramatically improved, jumping 92% to -£2,500. Bank borrowings have decreased by 1,400%, reaching £0, and cash reserves have increased by 15% to £6,900. Trade debtors have increased by 45% to £58,000, which could indicate a growth in sales but also potential issues with payment collection. Creditors have decreased by 14%, suggesting better debt management. The company meets two of three criteria to be considered small—turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees—and is exempt from an audit. The director’s responsibilities under the Companies Act are acknowledged, and the accounts are prepared in accordance with FRS 102.

Despite the improved net assets, the company’s financial health remains uncertain. The significant increase in trade debtors warrants close monitoring, and the reliance on creditor payments could create vulnerabilities. The lack of an auditor, while common for small companies, means the figures are unaudited.

Registered in England/Wales under the registration number 07335961, with a registered address at WS14 9DS, Lichfield, Staffordshire, St Johns Court, Wiltell Road.

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