Porcelain Tiles Limited

Porcelain Tiles Limited is a small holding company, active since 19 years ago, and based in London. With 39 employees and £4,451,002 in assets, it operates from a real address and is managed by one director and one owner. The company regularly imports ceramic products (22 months) and occasionally exports (2 months). It’s a private limited company, registered in England and Wales, and its financial statements are unaudited, a common exemption for small companies.

The business focuses on the retail of Italian porcelain tiles, offering a wide range of styles including marble effect, stone effect, and wood effect options. It caters to both commercial and residential clients, with a particular emphasis on high-end restorations and bespoke furniture. The company also operates showrooms in London and Cambridge, and has a presence in Harrods, London.

Financially, Porcelain Tiles Limited shows some concerning trends. Current assets decreased by 31%, dropping to £4,500,000, while net assets also fell by 31%, settling at £1,100,000. Bank borrowings increased significantly, rising by 92% to £150,000, and cash reserves plummeted 72%, leaving just £58,000. Creditors also increased, with a 200% rise to £2,200,000. Trade debtors decreased by 65%, suggesting better debt collection, but the overall picture is one of reduced financial strength.

The company’s small size—meeting two of three criteria for being a small company—allows for agility, but the decline in equity and cash reserves warrants attention. The company’s focus on high-end, bespoke services, however, suggests a strategy of premium pricing and differentiation, which may help offset some of these pressures. The lack of an auditor mentioned reinforces the reliance on unaudited director-reported data, and it’s clear that the business is navigating a challenging financial landscape.

Registered in England/Wales under the registration number 05517223, with a registered address at NW11 7ES, Unit 1 & 2 1055 Finchley Road, London.

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