Tilestyle Lancashire Limited

Tilestyle Lancashire Ltd from Preston UK is a small, active company founded 23 years ago. Employing 19 people, it boasts assets of £3,286,542 and operates from a real address. With three directors and two owners, it's a family business holding a perfect 5.0 Google rating based on nine reviews. The company regularly imports ceramic products, with 24 months of import activity recorded.

The company’s website describes Tilestyle Lancashire Ltd as a provider of tiling services and tiles for both homeowners and businesses throughout Preston, Lancashire, and beyond. It operates from a 10,200 square foot unit incorporating a showroom, offices, and a warehouse stocking over 3000m2 of tiles. The website highlights a wide range of services, including supply and fit tiling, and showcases case studies of completed projects, such as ground floor tiling at Worden Gardens and herringbone floor tiling in Lostock Hall. The website also features a sister company, HomeMatas, offering a wider selection of tiles.

Financially, Tilestyle Lancashire Ltd presents a mixed picture. Cash bank on hand increased by 19% to £2.3 million, while current assets rose 18% to £3.3 million. However, creditors increased significantly, jumping 38% to £480,000. Net assets also grew, increasing 12% to £3.5 million. Trade debtors increased by 21%, suggesting potential delays in customer payments. The company meets the criteria for a small business, with a turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The company’s financial statements are unaudited and exempt from audit.

The increase in creditors, despite the rise in cash reserves, could indicate increased operational expenses or investments in inventory to meet demand. The company’s continued growth in assets suggests a healthy underlying business, but careful management of debt will be crucial for sustained success.

Registered in England/Wales under the registration number 04369418, with a registered address at PR5 6BB, Preston, Lancashire, Unit 1 Dewhurst Row, Bamber Bridge.

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