Skirtings R Us Limited

Skirtings R Us Limited, based in Droitwich, UK, is a small, holding company with an active status. Founded thirteen years ago in 2012, it employs eleven people and holds £697,760 in assets. The company operates from a virtual address – fifty-seven other companies share the same location – and is managed by two directors and two owners. It runs an e-commerce site and enjoys a stellar 5.0 Google rating from 197 reviews. The company is an irregular importer, with its top import category being Wood and Wood Products, totaling one month of imports, the last operation conducted on December 1, 2023. The company manufactures other builders' carpentry and joinery.

The company’s website, skirtingsrus.co.uk, showcases a wide range of skirting boards, MDF mouldings, and related products, catering to both trade professionals and DIY enthusiasts. It’s clear the business focuses on online sales, with detailed product descriptions, customer reviews, and helpful installation guides. The site’s clean design and easy navigation suggest a well-managed e-commerce operation.

Financially, Skirtings R Us Limited presents a mixed picture. While current assets have increased by a significant 110% to £700,000, net assets have skyrocketed by 11,000% to £10,000. Bank borrowings have increased, reaching £270,000, and creditors have risen by 100% to £690,000. Cash reserves have increased by 400% to £500,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile, but the equity jump is notable. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements. The company’s retained earnings accumulated losses have also increased significantly.

The increase in creditors and bank borrowings, alongside the substantial increase in cash reserves, suggests the company may be investing in its operations or expanding its inventory. It’s possible the company has taken on debt to finance growth, but the strong cash position indicates it’s managing its finances effectively. The company's net current assets liabilities have improved significantly, indicating better short-term financial health.

Registered in England/Wales under the registration number 08020590, with a registered address at WR9 8DY, United Kingdom, Droitwich, Worcestershire, 10 St. Andrews Street.

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