Rhondda Tiles Discount Centre Ltd

Rhondda Tiles Discount Centre Ltd, based in Pontypridd, UK, is a small, active family business established nineteen years ago. With eight employees and £383,105 in assets, it operates from a real address and is overseen by three directors and two owners. The company boasts a perfect 5.0 Google rating from 177 reviews and runs an e-commerce site, regularly importing ceramic products – the last import operation occurred five months ago in July 2023.

The company’s core business is retail, specifically the sale of carpets, rugs, wall and floor coverings. It’s a specialized trade, and the company's website, while not detailed, suggests a focus on providing a wide range of tiling solutions. The business operates in a competitive market, but its high Google rating indicates a strong reputation for customer service.

Financially, Rhondda Tiles Discount Centre Ltd’s recent performance presents a mixed picture. Cash reserves have increased by 8%, reaching £310,000, which is a positive sign. However, profits have plummeted – dropping 100% to a loss of £2,200. Bank borrowings have also increased significantly, rising to £11,000. Creditors have increased by 14%, reaching £110,000, and trade debtors have decreased by 19%, suggesting a potential issue with customer payments. The company meets the criteria for a small business, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. The lack of an auditor mentioned suggests the company is exempt from an audit as a small company.

Overall, Rhondda Tiles Discount Centre Ltd appears to be navigating a challenging period. While cash reserves are healthy, the significant drop in profits and increased borrowings raise concerns. The company’s strong online reputation and family-run nature could provide a foundation for future stability, but careful financial management will be crucial.

Registered in England/Wales under the registration number 05801711, with a registered address at CF37 5BH, Pontypridd, Rct, Inspiration House, Williams, Place, Upper Boat.

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