Tiles & Baths Direct Limited

Tiles & Baths Direct Ltd, based in Herts, UK, is a small holding company with an active status, having been established 24 years ago in 2001. The company employs 16 people and holds assets valued at £3,275,145. Despite having a registered address, it's likely a virtual one, as 109 companies share the same location. Two directors and one owner manage the business, which regularly imports ceramic products (75 months) and occasionally exports them (2 months).

The company operates in the construction, hardware, plumbing, and wholesale industries, offering a wide range of bathroom products and services. Its website showcases a massive showroom in London, emphasizing a large selection of porcelain tiles, bathroom ranges, and clearance items. The showroom boasts an award-winning design and a 30,000 sqft space, providing customers with an extensive range of tiles and bathrooms to inspect firsthand. The website also highlights completed projects and offers a glimpse into the company's expertise in bathroom design and installation.

Financially, Tiles & Baths Direct Ltd presents a mixed picture. While cash reserves increased by 8.1% to £1,700,000, net assets decreased by 5.1% to £1,100,000. Bank borrowings were reduced by 46% to £150,000, a positive sign, but trade debtors increased significantly by 31%, suggesting potential issues with customer payments. Creditors decreased by 46%, which is good, but overall, the company’s net losses deepened. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the decline in equity raises concerns. The lack of an auditor mentioned suggests the company is exempt from an audit, relying on unaudited statements.

It appears the company is struggling to maintain profitability despite a strong showroom presence and a reputation for quality. The decrease in employee numbers, 19% to 13, could be a response to these financial pressures.

Registered in England/Wales under the registration number 04151664, with a registered address at WD6 4SE, England, Herts, Unit 5 Swaker Yard, 2b Theobald Street.

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