Payweeklyfloors Ltd

Payweeklyfloors Ltd, based in Ashton-Under-Lyne, UK, is a small, active family business established eight years ago. Employing just two people, the company operates an e-commerce site specializing in carpets, vinyls, and flooring solutions. With two directors and two owners, it’s a tightly managed operation holding a real registered address.

The company’s website showcases a unique approach: offering pay-weekly flooring with no credit checks. Customers can choose from a range of options, from carpets to luxury vinyl tiles (LVT), with payments starting as low as £10 per week. The site emphasizes in-home convenience, precise measurements, and professional fitting services—all designed to make upgrading flooring accessible and stress-free. They even offer free white beading and underlay, alongside a wide selection of beds and sofas on a similar pay-weekly basis.

Financially, Payweeklyfloors Ltd shows a mixed picture. Bank overdrafts decreased by 28%, falling to £14,000, and cash reserves increased significantly, jumping 130% to £8,600. However, net assets decreased by 16%, ending at -£35,000, and creditors remained relatively stable at £44,000. Plant and machinery depreciated by 20%, but the company’s small size (meeting two of three conditions for a small company) allows for agility. The unaudited accounts, produced using VT Final Accounts software, show a lack of auditors, which is typical for small companies.

While the company's cash position improved, the negative equity suggests ongoing financial pressure. It’s possible that the pay-weekly model, while attractive to customers, places strain on cash flow. The lack of employees reported in the accounts, combined with the ongoing losses, hints at a lean operation—but whether this is sustainable long term remains to be seen.

Registered in England/Wales under the registration number 10522441, with a registered address at OL5 9QN, England, Ashton-Under-Lyne, Unit 5, New Scout Mill Manchester Road, Mossley.

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