Tile Master Global Ltd

Tile Master Global Ltd, based in Stockport, UK, is a small, active company founded eleven years ago in 2013. With nine employees and £123,347 in assets, it operates from a real address and is overseen by three directors and two owners. The company regularly imports miscellaneous chemical products—nineteen months of import activity recorded—and occasionally exports them, with two months of export activity.

Tile Master Global Ltd’s core business revolves around renting and leasing machinery, equipment, and tangible goods, as indicated by its website. It specializes in hard floor cleaning and protection, offering a “Select Bundle” system for various surfaces like ceramic, porcelain, LVT, and natural stone. The website highlights a partnership with Topps Tiles, allowing customers to rent TileMaster systems directly through the tile retailer. The site even features customer testimonials, praising the system's ease of use and effectiveness.

Financially, Tile Master Global Ltd presents a mixed picture. Current assets decreased by 10% to £120,000, while net assets increased by 55% to £2,600. Bank borrowings increased by 2.5% to £78,000, and cash reserves increased by 41% to £10,000. Creditors decreased by 62% to £5,900. The company meets the criteria for a small business, with a turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. The significant increase in other debtors, by 52% to £71,000, suggests a possible reliance on customer payments. As a small company, Tile Master Global Ltd is exempt from an audit, so the figures are unaudited.

While the company appears to be active and has a strong online presence, the financial data reveals some challenges. The increase in bank borrowings and the decrease in cash reserves could indicate a need for careful financial management. It’s clear that Tile Master Global Ltd is working hard to maintain its position in the hard floor cleaning rental market, but the long-term sustainability of the business will depend on its ability to manage its finances effectively.

Registered in England/Wales under the registration number 08778855, with a registered address at SK6 7JW, England, Stockport, Unit 11/12 Shepley Lane Ind Est Shepley Lane, Marple.

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