Panelex Wood Agency Limited

Panelex Wood Agency Limited, based in Solihull, UK, is a small, active company established five years ago. With two employees and £1,309,893 in assets, it operates from a real address and is led by a single director and owner—a solo founder. The company regularly imports wood and wood products, with 50 months of import activity recorded, the last in February 2025. It functions as an agent specializing in the sale of other particular products.

The company’s website showcases a diverse range of wood panels, including plywood, MDF, OSB, and flooring, catering to both commercial and specialist needs. Panelex Wood Agency is an official distributor for Egger, highlighting a partnership with a well-known brand. The website emphasizes customer service and expertise within the industry, encouraging visitors to browse products and request competitive quotes. They also use cookies to personalise content.

Financially, Panelex Wood Agency Limited presents a mixed picture. While current assets increased by 45% to £1,300,000, net assets also rose by 17% to £310,000. Bank borrowings, however, decreased significantly by 73%, falling to £11,000. Trade debtors increased by 31%, suggesting potential delays in customer payments. 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 for flexibility, but the increase in trade debtors could be a cause for concern. There’s no auditor mentioned, which is typical for small companies.

The company’s workforce has doubled to four, which may be a sign of growth. However, a significant rise in creditors and other taxation social security payable by 98% suggests the company is burning through money. It's likely that the company is facing some financial pressure, but the increase in assets and net assets indicate that it’s still managing to generate revenue.

Registered in England/Wales under the registration number 12269111, with a registered address at B92 0HB, United Kingdom, Solihull, West Midlands, C/O Wyckham Blackwell, Old Station Road.

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