Preston Underlay Centre Limited

Preston Underlay Centre Ltd is a small, holding company with an active status, having been founded 22 years ago in 2003. The company, based in Preston, employs 18 people and holds assets valued at £2,443,672. It's led by two directors and has one owner, and enjoys a stellar 5.0-star Google rating based on 48 reviews. The company regularly imports wood and wood products, with the most recent import activity recorded three months ago.

The business operates as a wholesaler of top-quality flooring underlay, accessories, and tools, primarily serving the trade. Its website showcases a range of products and services, including consulting, and highlights a focus on family ownership and British craftsmanship. It even has a second business, PUC Flooring, which operates from Kendal, Cumbria, and provides a showroom in Harrods, London.

Financially, Preston Underlay Centre Ltd presents a mixed picture. Current assets increased by 15% to £2,400,000, while net assets rose by 15% to £1,700,000. Bank borrowings decreased by 30% to £130,000, and cash reserves increased by 55% to £760,000. Trade debtors rose by 4.8% to £1,000,000, and creditors increased by 13% to £880,000. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The lack of an auditor mentioned suggests it’s exempt as a small company, and the figures are unaudited.

Overall, Preston Underlay Centre Ltd appears to be financially stable, with growing assets and cash reserves. However, the increase in trade debtors suggests a need to monitor customer payments closely. The dual business model, with its focus on both wholesale and high-end flooring solutions, could provide resilience and growth opportunities, but it also adds complexity to the company’s operations.

Registered in England/Wales under the registration number 04666013, with a registered address at PR1 1PN, 7 Rye St, Preston.

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