Steves Paints Limited

Steves Paints Ltd from Workington, UK, is a small, family-run business with an active status, celebrating 26 years since its founding in 1998. Employing twelve people and holding £272,064 in assets, it operates from a real address and is overseen by three directors and two owners. The company boasts a stellar 5.0 Google rating from 257 reviews, a testament to its customer service. It’s an irregular importer, with ceramic products being its top import category, though activity has been limited to just one month in 2022.

The company’s website showcases a one-stop shop for home decor needs, offering a wide range of paints, wallpaper, flooring, and bathroom solutions. It caters to Cumbrian homeowners and emphasizes expert advice and a customer-focused approach. The site highlights popular brands, offers online and in-store purchasing options, and features a blog with helpful painting and decorating tips. It's clear that Steves Paints is focused on providing a comprehensive service for home improvement projects.

Financially, Steves Paints Ltd’s recent performance presents a mixed picture. Current assets have decreased by 21%, falling to £270,000, while net assets have also dropped by 7.3% to £670,000. Bank borrowings have increased by 7.6% to £130,000, and cash reserves have declined by 27% to £31,000. Creditors have seen a significant rise, increasing by 16% to £380,000, suggesting potential cash flow pressures. Despite being a small company (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees), the decrease in equity and rise in creditors are concerning. The company's unaudited financial statements, exempt from a full audit due to its size, rely on director-reported data.

Overall, Steves Paints Ltd appears to be navigating a challenging financial climate. While its strong customer reviews and comprehensive product range suggest a loyal customer base, the declining assets and rising debts warrant careful monitoring. It's a family business with a good reputation, but it's important to see if they can turn things around.

Registered in England/Wales under the registration number 03602496, with a registered address at CA14 3YE, United Kingdom, Workington, Cumbria, 14b New Yard Clay Flatts Industrial Estate.

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