Tile Distributors Ltd

Tile Distributors Ltd, based in Pinner, UK, is a small, active company founded five years ago. Despite being a solo venture with one director and owner, it holds £45,190 in assets and operates from a virtual address shared by 54 other companies. Accounts and confirmation statements are currently overdue by a year, and the business employs just one person. It's an irregular importer of ceramic products, with the last import operation occurring in February 2024.

The company's website highlights a focus on supplying tiles from around the world, showcasing ranges like Carrara Marble Gloss, Bottocino Gris Polished, and Gold Calcutta Gloss. It emphasizes exclusive designs, competitive prices, and exceptional customer service, offering trade accounts and showcasing a showroom in Manchester. The site’s focus is on high-quality tiles and a modern e-commerce experience, with a focus on trade customers.

Financially, Tile Distributors Ltd presents a mixed picture. While cash reserves increased by 70% to £2,800, net assets plummeted 50% to just £9,300. Bank borrowings jumped significantly by 67% to £50,000, and creditors also increased, with non-financial instruments rising by 87% to £56,000. Trade debtors remained steady, but the significant drop in equity raises concerns about the company’s financial health. The business is classified as small, meeting two of three criteria (turnover under £10.2m, assets under £5.1m, fewer than 50 employees), which allows it to operate with reduced reporting requirements—no auditor is mentioned.

The company's reliance on bank borrowings, coupled with the decline in equity, suggests it may be burning through cash to maintain operations. Whether this is a temporary situation or a longer-term trend remains to be seen, but the company's ability to secure trade credit and manage its debt will be crucial for its future success.

Registered in England/Wales under the registration number 12100760, with a registered address at HA5 5PW, England, Pinner, Middlesex, 52 High Street.

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