Skyline Roofing Centres (bedford) Limited

Skyline Roofing Centres Bedford Ltd from Hanwell UK is a small, active company founded 16 years ago. With 13 employees and £2,035,402 in assets, it’s a well-established business operating from a real address. The company is led by three directors and has one owner, and boasts a stellar 5.0 Google rating based on 27 reviews. It’s an irregular importer, bringing in stone, plaster, cement, and similar materials, with the last import operation recorded over a year ago in February 2022.

The company's website, while not providing extensive details, indicates Skyline Roofing Centres operates in the wholesale of wood, construction materials, and sanitary equipment. It’s a small company, meeting two of three conditions: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees. This agility helps it navigate the market, but the financial data reveals a mixed picture.

While cash reserves increased by a healthy 16% to £1.2 million, current assets dropped by 15% to £2 million. Trade debtors increased significantly by 890%, suggesting potential issues with customer payments, and creditors decreased by 45% to £440,000. A concerning trend is the depreciation of property, plant, and equipment, with a 100% decrease in leased assets and a 32% decrease in total property, plant, and equipment. This could be due to leased assets being replaced or written off. The company’s equity remained stable at £1.6 million, but the increase in bank borrowings by 2,400% to £29,000, and a 80% decrease in provisions for liabilities, indicate a reliance on debt financing.

The lack of an auditor mentioned suggests the company is exempt due to its size, meaning the financial statements are unaudited. Overall, Skyline Roofing Centres Bedford Ltd seems to be holding its own, but the increase in debt and decrease in assets warrants close monitoring.

Registered in England/Wales under the registration number 06822102, with a registered address at W7 2QA, United Kingdom, Hanwell, London, Unit 73, Waterside Trading Centre, Trumpers Way.

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