Parquet Floors Limited

Parquet Floors Limited, based in Holyhead, UK, is a small, active company established nineteen years ago in 2006. With two employees and £119,469 in assets, it operates from a real address and is overseen by three directors and two owners. The company is an irregular importer, primarily dealing with wood and wood products, with its last import activity occurring two months ago in January 2023.

The company's website, woodparquetflooring.co.uk, showcases a focus on high-end parquet flooring for both residential and commercial clients. They specialize in engineered floors, hand-finished by specialists, and offer a range of flooring options including oak, parquet, and engineered flooring. The website highlights custom design specifications, sample requests, and even a call-back service. It also features updates like membership in The Guild of Master Craftesmen and articles on adding value to homes. The site’s design suggests a focus on quality and craftsmanship, catering to a discerning clientele.

Financially, Parquet Floors Limited presents a mixed picture. Current assets have decreased by 25%, falling to £120,000, while net assets have plummeted 38%, reaching £84,000. Bank borrowings have decreased by 7.1%, to £19,000, but the bank overdraft has increased significantly by 57%, to £17,000. Creditors have also decreased by 7.1%, to £19,000. 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 substantial equity decline raises concerns. The accounts are unaudited, and no auditor is mentioned, which is common for small companies.

Overall, Parquet Floors Limited appears to be navigating a period of financial adjustment. While the website projects a strong brand and focus on quality, the financial data suggests a need for careful management and a focus on improving profitability.

Registered in England/Wales under the registration number 05761309, with a registered address at LL65 2RU, Wales, Holyhead, Sir Ynys Mon, Kenilworth, Porthdafarch Road.

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