Platinum Tiles Limited

Platinum Tiles Ltd, based in Southall, UK, is a small, active company founded just two years ago. With three employees and £79,011 in assets, it operates from a real address and is led by two directors, one of whom is the solo founder. The company enjoys a perfect 5.0 Google rating from three reviews, showcasing positive customer experiences. Platinum Tiles is an irregular importer, bringing in ceramic products for a couple of months, with the last import operation occurring in August 2024.

The company’s website, platinumtiles.co.uk, presents a modern e-commerce platform specializing in tiles and flooring solutions. It offers a wide range of products, including bathroom tiles, kitchen tiles, laminate flooring, luxury vinyl, wooden effect tiles, and floor tiles. The site features a gallery showcasing its products, contact information, and a blog with helpful articles. It’s clear the business is focused on online retail, with a user-friendly interface and a focus on visual appeal.

Financially, Platinum Tiles Ltd’s report reveals a mixed picture. While current assets remain steady at £79,000, net assets are a modest £270. Cash bank on hand is £8,500. Trade debtors are £22,000, and creditors are £98,000. The company's small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) means it’s exempt from an audit, and the figures are unaudited. Bank borrowings are a notable £97,000, which is a large amount relative to the company’s assets.

The company’s reliance on bank borrowings, coupled with the relatively low net assets, suggests it may be burning through cash to fuel growth. However, the positive Google rating and active e-commerce presence indicate a potentially successful business model. The company’s small size and lack of an auditor mean the financial picture is somewhat opaque, but the fundamentals appear to be in place for continued growth, if managed carefully.

Registered in England/Wales under the registration number 14663087, with a registered address at UB2 5FD, England, Southall, Unit 1d 142 Johnson Street.

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