Pica Floorings Limited

Pica Floorings Ltd from Stanste UK is a small, active company founded 51 years ago, in 1973. Employing 19 people and boasting £2,201,084 in assets, it’s a well-established business with a real address and a 5.0 Google rating based on two reviews. The company is run by two directors and one owner, and it’s an irregular importer of wood and wood products, with just one month of import activity recorded as of October 1, 2024.

Pica Floorings Ltd operates in the floor and wall covering industries, specializing in the supply and installation of flooring solutions. While no website is available to analyze, the company’s longevity suggests a focus on traditional methods and local service. It’s a small company, meeting two of three criteria for classification: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees.

The company’s financial performance presents a mixed picture. While current assets increased by 17% to £2,200,000, net assets grew by only 8.6% to £1,600,000. Bank borrowings have increased significantly, by 2400%, reaching £29,000, while cash reserves fell by 59% to £81,000. Trade debtors have also increased substantially, by 45%, reaching £1,000,000, which could indicate a reliance on credit sales or potentially delayed payments. Creditors have risen by 43%, reaching £770,000, and other creditors have increased by 87%, reaching £220,000. The company’s lack of an auditor (likely exempt as a small company) means these figures are unaudited.

Despite the increase in debt and decrease in cash, the company’s long history and steady asset base suggest it's not burning through money at a startup pace. The increase in trade debtors may be a temporary blip, or it could reflect a strategy of offering more credit to customers. The company’s small size allows it to remain agile, but the rise in debt warrants close monitoring.

Registered in England/Wales under the registration number 01118744, with a registered address at CM24 8GF, United Kingdom, Stanste, Essex, Pica Floorings Ltd Unit 6, M11 Business Link, Parsonage Lane.

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