Renovate Contracts Limited

Renovate Contracts Ltd from Markfield UK: a small, active company founded 21 years ago, employs five people, and holds £295,816 in assets. It's a real address with three directors and one owner—a solo founder—and maintains a stellar 5.0 Google rating based on eight reviews. The company regularly imports tanning and dyeing products, with recent activity recorded five months ago.

The company specializes in commercial wooden floor sanding and fitting, serving bars, pubs, clubs, restaurants, schools, gyms, stately homes, and more. They offer a 24-hour nationwide service to minimize disruption, and even provide domestic flooring services. Their website highlights services like court marking, stone cleaning, and parquet flooring, alongside a range of flooring supplies and accessories. They’re also involved in sports floor renovation and even offer French polishing services.

Financially, Renovate Contracts Ltd shows a mixed picture. Current assets decreased by 14% to £300,000, while net assets also fell by 3.7% to £200,000. Cash bank on hand increased by 18% to £41,000, which is a positive sign. However, trade debtors decreased significantly by 27%, and creditors also dropped by 13%. The company meets two of the three criteria to be considered small, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. No auditor is mentioned, likely due to its small size and exemption from an audit.

The decrease in debtors could indicate a slowdown in customer payments, while the drop in assets suggests a need to manage cash flow more effectively. However, the increase in cash reserves offers some breathing room. The company's long-standing presence and positive customer reviews suggest a solid foundation, but careful financial management will be crucial for continued success.

Registered in England/Wales under the registration number 04863640, with a registered address at LE67 9PY, United Kingdom, Markfield, Leicestershire, 39 Hill Lane Close.

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