Rees Flooring Limited

Rees Flooring Ltd from Hertfordshire, UK, is a well-established family business, active since its founding 42 years ago in 1982. With nine employees and £2,392,752 in assets, it operates from a real address and is managed by three directors and two owners. The company boasts a perfect 5.0 Google rating based on one review, and it's an irregular importer of wood and wood products, with its last import operation occurring over a year ago in June 2022.

The company’s website highlights its role as a commercial flooring contractor and installer, accredited by several industry associations. It specializes in providing flooring solutions for construction projects and end-user clients, offering a range of services including supply and installation of various flooring types—from broadloom and carpet tiles to rubber, linoleum, and timber. Rees Flooring even has its own division, ReesSourced, designing and manufacturing its own carpet tiles. The website also showcases a team of experienced professionals, each with a specific role in the company’s operations.

Financially, Rees Flooring Ltd’s recent performance shows some concerning trends. Current assets have decreased by 17%, dropping to £2,400,000, while net assets have fallen by 12%, settling at £3,200,000. Bank borrowings have increased by 2,400%, reaching £29,000, and cash reserves have fallen 30% to £28,000. Trade debtors have also decreased by 77%, settling at £130,000. The company is classified as a small company, meeting two of three criteria—turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. There's no auditor mentioned, likely due to its small size. Despite these challenges, the company’s long history and strong industry credentials suggest it’s a resilient operation, but the sharp equity drop warrants closer scrutiny.

Registered in England/Wales under the registration number 01676539, with a registered address at HP2 7DA, Hertfordshire, 12 Sovereign Park, Cleveland Way, Hemel Hempstead.

WARNING: The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.
Ports, countries, transport, and price/kg were calculated by CorpSignals; non-official data, may contain errors.