Solid Sheds Limited

Solid Sheds Limited, based in Skelmersdale, UK, is a small, active family business established fourteen years ago in 2010. The company employs seventy-one people and holds £1,102,996 in assets. With five directors and two owners, it operates from a real address and is regularly importing wood and wood products, with the last import operation occurring in August 2024. The business manufactures wood products and articles of cork, straw, and plaiting materials.

The company’s website is not available for review, so it's difficult to determine if it operates an e-commerce platform. However, the nature of the business suggests a blend of B2B and potentially some B2C sales, with a focus on supplying materials for construction and related industries.

Financially, Solid Sheds Limited presents a mixed picture. While current assets remain stable at £1,100,000, bank borrowings have increased significantly, jumping by 200% to £200,000. Cash reserves, however, have seen a substantial rise, increasing by 460% to £49,000. Creditors have also decreased slightly, which is a positive sign. The company's small size—meeting two of three criteria for a small company—allows for flexibility, but the increased borrowing suggests a need for capital, perhaps to expand operations or manage working capital. The company’s equity has fallen significantly, dropping by 90%, which is concerning. The lack of an auditor mentioned likely means the accounts are exempt, relying on unaudited director reports.

Overall, Solid Sheds Limited appears to be navigating a period of change. While cash flow has improved, the increased debt and falling equity warrant close monitoring.

Registered in England/Wales under the registration number 07398276, with a registered address at WN8 9SP, England, Skelmersdale, Solid Sheds, Gardiners Place.

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