The Berkshire Tile Co. Limited

The Berkshire Tile Co. Limited, based in Reading, UK, is a small, active company founded three years ago. With three employees and £210,048 in assets, it operates from a real address and is managed by three directors and two owners. Its Google rating stands at a perfect 5.0 based on ten reviews, and it regularly imports ceramic products—nine months worth, with the latest import occurring in August 2024.

The company’s website highlights its role as a nationwide commercial and domestic finishing contractor, specializing in the supply and installation of tiles. It offers porcelain, ceramic, and natural stone options and caters to both commercial and residential projects. The site also mentions a showroom in Theale, Reading, open Monday to Friday and Saturday mornings.

Financially, The Berkshire Tile Co. Limited presents a mixed picture. While cash reserves have increased dramatically—a 1100% jump to £73,000—net assets remain negative at -£22,000. Creditors have risen significantly, increasing by 80% to £290,000, and bank borrowings have also surged, growing by 400% to £81,000. Interestingly, trade debtors have increased by 38%, suggesting potential delays in customer payments. The company meets the criteria for a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. There’s no mention of an auditor, which is likely due to its small size and exemption from an audit.

Despite the negative equity, the substantial increase in cash reserves suggests the company is generating revenue. However, the rising debt levels indicate it’s burning through money faster than it’s accumulating it. The management team, consisting of three directors, appears stable, but the company’s long-term financial health will depend on its ability to manage its debt and sustain its revenue growth.

Registered in England/Wales under the registration number 13761077, with a registered address at RG7 3TQ, England, Reading, Berkshire, 53 West End Road, Mortimer Common.

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