Premier Tile Company Limited

Premier Tile Company Limited, based in Dunstable, UK, is a small, family-run business with an active trading status. Founded 20 years ago, the company holds £261,409 in assets and employs a small team of two directors and two owners. It boasts a stellar 5.0 Google rating from 73 reviews, a testament to its customer service. The company operates in the other construction installation industries and is an irregular importer of ceramic products, with the last import activity recorded just one month ago. It uses a virtual address, registered at 28 West Street, Dunstable, which is shared by twenty-two other companies.

While Premier Tile Company Limited’s core business is likely retail, it’s unclear if it operates a website or has a physical showroom. The company’s status as an irregular importer suggests a focus on sourcing unique or specialized tiles, rather than mass-market products.

Financially, Premier Tile Company Limited shows a mixed picture. Current assets increased by 71% to £260,000, while net assets grew by 12% to £99,000. Cash reserves saw a significant boost, rising 57% to £120,000. However, creditors increased by a substantial 96%, reaching £200,000, which could indicate increased reliance on trade credit. Trade debtors also increased dramatically, by 220%, reaching £130,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay nimble, but the rise in creditors needs to be monitored. The company is exempt from an audit as a small company, and the financial statements are unaudited.

Overall, Premier Tile Company Limited appears to be in a reasonable position, with growing assets and cash reserves. However, the increase in both debtors and creditors suggests a need for careful cashflow management. It's a small business with a good reputation, but it’s important to keep an eye on its financial health going forward.

Registered in England/Wales under the registration number 05238084, with a registered address at LU6 1TA, England, Dunstable, 28 West Street.

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