Roofing Megastore Limited

Roofing Megastore Limited is a small, active holding company based in Banbury, UK. Founded thirteen years ago in 2011, the company employs twenty-four people and holds £959,860 in assets. It operates an e-commerce site and has a real registered address shared by eight other companies. Two directors, Attley Joseph James and Attley Lee Darren, are at the helm, alongside one owner, Roofing Megastore Holdings Ltd.

The company’s core business is retail sale via mail order houses or via internet industries, selling roofing materials and related products. It’s a holding company, likely overseeing other businesses within the roofing sector. The website, Roofing Megastore, showcases a wide range of products, from tiles and slates to insulation and roofing accessories. It's clear they're targeting both trade professionals and DIY enthusiasts.

Financially, Roofing Megastore Limited presents a mixed picture. While net assets increased by 7.0% to £1.5 million, current assets took a significant hit, dropping 48% to £960,000. Cash reserves also declined sharply, falling 63% to £650,000. Bank borrowings were reduced by 49%, to £57,000, which is a positive sign. Trade debtors increased significantly by 190%, to £310,000, suggesting a possible reliance on customer payments. The company meets the criteria for a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than fifty employees. The unaudited financial statements, prepared using CCH Accounts Production software, do not mention an auditor.

The company’s increasing debt and decreasing cash reserves are concerning, though it’s possible this is a result of increased sales and investment in inventory. The decrease in employees by 21% is also notable, but could be due to restructuring or automation. The company’s continued growth in debtors suggests a need to manage customer payments more effectively. Overall, Roofing Megastore Limited seems to be navigating a period of change, with both opportunities and challenges ahead.

Registered in England/Wales under the registration number 07784484, with a registered address at OX16 4SX, England, Banbury, Kingfisher House Unit 17, Overthorpe Road.

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