Romsey Woodburners Ltd

Romsey Woodburners Ltd from Timsbury UK is a small, active company founded nine years ago. Employing just two people, it holds assets of £307,654 and operates from a real address. The business, a family concern with two directors and two owners, boasts a respectable Google rating of 4.0 based on 36 reviews. It’s an irregular importer, bringing in iron or steel products for short periods, with its last import operation in February 2023. The company operates in the other construction installation industries.

The business’s website showcases a wide range of wood-burning and multi-fuel stoves from leading British and European manufacturers, with a showroom displaying over 50 stoves. It offers a comprehensive service, from onsite surveys and design consultations to supply and installation by experienced HETAS-qualified engineers. The website highlights a family-run approach, emphasizing personal service and a commitment to quality. It also advertises a range of surrounds, hearths, and beams, and even features the Charnwood Stove Pod, a freestanding stove chamber hearth plate.

Financially, Romsey Woodburners Ltd presents a mixed picture. Current assets have declined by 20%, dropping to £310,000, while net assets have also fallen by 19%, settling at £240,000. Bank borrowings have seen a significant increase, rising by 2600%, reaching £29,000, and cash reserves have decreased by 3.7%, now at £39,000. However, creditors have also fallen by 25%, suggesting improved debt management. The company meets the criteria for a small business, with turnover below £10.2 million, assets under £5.1 million, and fewer than 50 employees. The accounts are unaudited, likely due to its small size.

The rise in bank borrowings and the drop in cash reserves could indicate increased investment in inventory or expansion efforts. It’s possible the company is navigating the challenges of supply chain disruptions or increased competition. The decrease in creditors is a positive sign, suggesting the business is effectively managing its short-term liabilities.

Registered in England/Wales under the registration number 09849833, with a registered address at SO51 0NB, United Kingdom, Timsbury, Hampshire, Unit 10, Manor Nursery, Stockbridge Road.

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