Textures Flooring Limited

Textures Flooring Ltd, based in Oxfordshire, UK, is a small, active company established 18 years ago. With eight employees and £538,942 in assets, it’s a modest operation led by four directors and two owners. Boasting a perfect 5.0 Google rating from 25 reviews, the company has built a strong reputation. It’s an irregular importer, primarily dealing in carpets and textile floor coverings, with its last import activity recorded one month ago in February 2022. The registered address is a virtual one, shared by 142 other companies.

The company operates within the floor and wall covering industries, likely serving both residential and commercial clients. While no website is available to analyze, the business model appears to be centered around sourcing and supplying flooring materials.

Financially, Textures Flooring Ltd presents a mixed picture. While current assets are stable at £540,000, net assets have significantly decreased by 64%, falling to just £22,000. Bank borrowings have increased by 39%, reaching £16,000, and cash reserves have declined by 39%, settling at £150,000. Creditors have risen by 11%, reaching £510,000, and trade debtors have increased by 39%, reaching £360,000. The company’s small size—meeting two of three criteria for a small company—allows for agility, but the substantial drop in equity warrants attention. The lack of an auditor mentioned suggests it’s exempt due to its size, relying on unaudited financial statements.

The company's financial data suggests it's facing some challenges, with a significant decrease in equity and increased reliance on borrowing. However, the stable asset base and rising trade debtors indicate ongoing business activity. It’s likely the company is managing its cash flow carefully, perhaps investing in inventory or facing delays in customer payments. The rising creditor balance suggests it’s extending payment terms with suppliers, which could be a strategy to preserve cash.

Registered in England/Wales under the registration number 05908129, with a registered address at OX29 6SW, United Kingdom, Oxfordshire, 2 Oak Court, North Leigh Business Park.

WARNING: The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.
Ports, countries, transport, and price/kg were calculated by CorpSignals; non-official data, may contain errors.