One Step Beyond Flooring Wholesale Ltd

One Step Beyond Flooring Wholesale Ltd is a small, active company based in London, UK, founded five years ago in 2019. With 21 employees and £772,000 in assets, it operates from a virtual address and is a family business run by two directors and owners. The company regularly imports and exports wood and wood products, with 75 months of import activity and 6 months of export activity recorded. It’s a registered business with a real address, though 292 companies share the same space, which is a bit odd.

The company’s website showcases a range of flooring options, including engineered wood, click vinyl, and laminate, catering to both DIY enthusiasts and trade customers. It’s clear they’re aiming for a broad appeal, with options ranging from budget-friendly to premium. They even have a showroom in Paignton, Devon, suggesting a desire to connect with customers face-to-face. The website also features a blog with helpful articles on flooring choices and installation tips, reinforcing their position as a flooring expert.

Financially, One Step Beyond Flooring Wholesale Ltd shows a mixed picture. Current assets have fallen significantly by 36% to £770,000, and net assets have plummeted 58% to £160,000. Bank borrowings have increased by a considerable 2,400% to £50, and cash reserves have decreased by 39% to £55,000. Creditors have also decreased by 26% to £710,000, which is a positive sign. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) means it likely avoids more rigorous reporting requirements. No auditor is mentioned, which is common for small, exempt companies.

The sharp decline in equity raises questions about the company's financial health, but the decrease in creditors suggests better debt management. The regular import and export activity indicates ongoing business, and the website’s focus on customer service and expert advice points to a desire to build a strong brand. It’s possible the company is reinvesting heavily in its business, or perhaps facing increased competition. The trend is a little concerning, but it’s too early to say for sure.

Registered in England/Wales under the registration number 12329316, with a registered address at WC1X 8TA, England, London, C/O Cooper Parry, New Derwent House, 69-73 Theobalds Road.

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