S & G Timber Ltd

S & G Timber Ltd, based in Cheltenham, UK, is a small, active company founded four years ago. With £13,969 in assets and a real address, it operates as a regular importer of wood and wood products, having imported for five months, with the last import occurring in October 2023. The business runs an e-commerce site and is managed by one director and one owner, though the owner list changed three months ago. It’s a small operation, meeting two of three conditions to be considered small (turnover under £10.2 million, balance sheet under £5.1 million, and fewer than 50 employees).

The company’s website showcases a wide range of timber, woodworking tools, and finishing products. It’s a comprehensive store, catering to both professional tradespeople and hobbyists. They offer everything from hardwood timber and planed all-round strips to hand tools, power tools, and wood finishing supplies. They even offer specialist timber, including exotic varieties and fireplace mantels. The website also features a section dedicated to ironmongery, offering a selection of door handles, hinges, and locks. They also sell engineered and solid hardwood flooring, along with accessories.

Financially, S & G Timber Ltd presents a concerning picture. Current assets have plummeted by a significant 58%, dropping to just £14,000. This is accompanied by a massive 84% decrease in equity, leaving the company with just £4,800 in retained earnings. Cash bank on hand has also taken a hit, falling 35% to £6,200. Creditors have increased by 76%, reaching £11,000, and other taxation social security payable has decreased by 47%. While trade debtors have increased by 25%, it’s not enough to offset the overall negative trends. The company is exempt from an audit as a small company, so the figures are unaudited.

Overall, S & G Timber Ltd is facing financial challenges. While its e-commerce site appears well-stocked and its range of products is extensive, the declining asset base and increasing liabilities suggest a need for careful management to ensure long-term sustainability.

Registered in England/Wales under the registration number 12764049, with a registered address at GL51 8JQ, England, Cheltenham, Gloucestershire, Csag, Colletts Drive.

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