Tile Spot Ltd

Tile Spot Ltd, based in Rotherham, UK, is a small, active company founded four years ago. With a Google rating of 5.0 from 33 reviews, it’s a well-regarded local business. Employing just one person and holding £56,781 in assets, it operates from a real address and is overseen by four directors and a single owner. The company is an irregular importer, primarily dealing in furniture, lighting, and prefabricated buildings, with just one month of import activity recorded as of July 2021.

Tile Spot Ltd’s core business revolves around the retail sale of carpets, rugs, wall and floor coverings, and hardware, paints, and glass. Its website showcases a wide selection of tiles, bathroom products, and flooring solutions, catering to both residential and commercial customers. The site highlights a showroom in Rotherham, emphasizing competitive pricing, a price promise, and a commitment to exceptional customer service. The company works with leading manufacturers and suppliers, offering a diverse range of brands and styles.

Financially, Tile Spot Ltd presents a mixed picture. While cash reserves have increased significantly by 350% to £5,100, net assets remain negative at -£58,000, a 47% decline from the previous year. Creditors have also risen by 40% to £110,000, and trade payables increased by 36% to £68,000, suggesting a reliance on credit. The company’s small size (meeting two of three criteria for a small company) allows for flexibility, but the negative equity and rising debt are concerning. The accounts are unaudited and exempt from audit as a small company.

The business is clearly focused on providing value and service, but the financial data suggests it’s burning through cash. The company's success hinges on maintaining its reputation and attracting enough customers to offset its rising expenses.

Registered in England/Wales under the registration number 13102240, with a registered address at S60 1EX, United Kingdom, Rotherham, Malthouse, Masbrough St.

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