Tiles Of Wisdom Limited

Tiles Of Wisdom Ltd, based in Beaconsfield, UK, is a small, active company founded ten years ago. It employs just three people and operates from a virtual address, a fact highlighted by the presence of 285 other companies registered at the same location. The company is led by a solo founder and director, Wisdom Stuart Colin, and boasts a stellar 5.0 Google rating from 42 reviews. It’s a regular importer of ceramic products, with 23 months of import activity recorded, the latest in August 2024.

The company's website, Tiles of Wisdom, is simple, directing visitors to enter the site. It appears to focus on selling tiles, though the specific range isn’t immediately clear. The site suggests a retail operation, likely an e-commerce business, but lacks detailed product listings or a shopping cart—it’s a bit bare bones.

Financially, Tiles of Wisdom Ltd presents a mixed picture. Accumulated amortisation impairment intangible assets remained steady, but depreciation rate used for property plant equipment increased by 20%. Bank borrowings decreased by 41%, while cash reserves saw a significant jump, increasing by 320%. However, net assets took a hit, dropping by 56% to £53,000. Creditors also decreased by nearly 50%, suggesting improved debt management. The company meets two of three criteria to be classified as small, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. With no auditor mentioned, the figures are unaudited.

The sharp decline in equity raises questions, though it’s possible this reflects strategic investments or one-off expenses. The company’s reliance on a virtual address and small team suggests a lean operation, but the financial pressures indicate a need for careful management. It's a bit concerning that the company is burning through money.

Registered in England/Wales under the registration number 09423009, with a registered address at HP9 1NB, United Kingdom, Beaconsfield, Buckinghamshire, 22 Wycombe End.

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