Taps And Tubs Limited

Taps And Tubs Ltd from Gosport UK: a small, active company founded 19 years ago, employs five people, and holds £665,789 in assets. It's a real address with two directors and two owners, operating as a family business with a solo founder and a thriving e-commerce site. Google reviews are stellar, boasting a 5.0 rating from 82 reviews. The company occasionally imports furniture, lighting, and prefabricated buildings, with a recent import recorded one month ago.

The company's website, Tubs n Taps, offers a wide range of bathrooms, fitting, and accessories. It’s a family-run tile showroom in Golborne, founded in April 2019. The site emphasizes a virtual 4D design service, free measuring, and expert advice—all geared towards creating a personalized bathroom experience. Customer testimonials praise the helpful staff, quality products, and design assistance. The company even offers a free 4D design and measure service to all customers.

Financially, Taps And Tubs Ltd presents a mixed picture. While current assets increased by 26% to £670,000, bank borrowings surged by 2,400% to £29,000. Cash reserves also increased by 9% to £560,000, which is a positive sign. However, net losses deepened from -£10,000 to -£23,000, and trade debtors ballooned by 890%. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the increased debt levels warrant attention. No auditor is mentioned, which is typical for a small, exempt company.

The company’s recent increase in bank borrowings could be a result of investments in the e-commerce platform or expanding its product range. The surge in trade debtors might indicate a shift in payment terms or a few large customers experiencing delays. Overall, Taps And Tubs Ltd appears to be a resilient, customer-focused business navigating the challenges of growth.

Registered in England/Wales under the registration number 05693888, with a registered address at PO12 1LY, England, Gosport, Hampshire, Tml House, 1a The Achorage.

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