Tbk Tiles Factory Outlet Limited

Tbk Tiles Factory Outlet Ltd from Herts UK is a small, active company founded seven years ago. With five employees and £540,426 in assets, it operates from a virtual address and is led by one director and owner. The company runs an e-commerce site and enjoys a 4.0 Google rating based on 140 reviews, regularly importing ceramic products—the last import was three months ago.

The business focuses on wholesale of hardware, plumbing, and heating equipment and supplies. It’s a small company, meeting two of the three conditions: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees. The company’s website, while not providing detailed information, suggests a focus on tiles and related products.

Financially, Tbk Tiles Factory Outlet Ltd shows some concerning trends. Current assets have decreased by 27%, falling to £540,000. Net assets have also dropped significantly, a 24% decrease to £500,000. Bank borrowings have reduced by 35%, down to £18,000, and cash reserves have fallen by 35%, now at £250,000. Creditors have also decreased by 45%, falling to £18,000. The company’s average number of employees has reduced by 20%, now at four. The lack of an auditor mentioned (likely exempt as a small company) means these are unaudited figures.

Despite the downward trends in assets and cash, the decrease in creditors suggests better debt management. It’s possible the company is navigating a period of slower sales or increased costs, but the long-term health of the business remains to be seen.

Registered in England/Wales under the registration number 11085091, with a registered address at WD6 4SE, England, Herts, Unit 5 Swaker Yard, 2b Theobald Street.

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