Timbermat Limited

Timbermat Ltd, based in Hyde, UK, is a small, family-run business with an active status, celebrating 25 years in operation. The company employs five people and holds assets valued at £961,624, operating from a virtual address – a fact highlighted by the presence of 139 companies registered at the same location. Four directors and two owners (though the list may not be exhaustive) steer the ship, maintaining a stellar Google rating of 5.0 based on five reviews. Timbermat is a regular importer of wood and wood products, with 18 months of import activity recorded, the latest in November 2024.

The company’s website reveals a specialist in ground protection solutions, particularly for construction and energy sectors. Timbermat offers a wide range of products, including bog mats, crane mats, and temporary roadways, available for hire or purchase. The site highlights a large hire fleet, depots in London, Manchester, and Edinburgh, and a commitment to next-day delivery. It also emphasizes its expertise in hardwood ground protection, with a focus on Ekki, Beech, and Oak timber. The company even boasts a bespoke manufacturing capability, catering to specific needs with top-quality timber mats.

Financially, Timbermat Ltd presents a mixed picture. Current assets grew by a healthy 8.2% to £960,000, while net assets increased by 15% to £930,000—a positive sign. However, bank borrowings decreased significantly, falling 70% to £11,000, and cash reserves rose 80% to £200,000. Creditors also decreased, suggesting better debt management. The company's small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile, but the increased creditors could be a concern. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

Overall, Timbermat Ltd appears to be a financially stable, family-run business with a strong reputation in its niche market. The company’s focus on customer service, next-day delivery, and bespoke manufacturing capabilities positions it well for continued success, though careful monitoring of creditor levels will be important.

Registered in England/Wales under the registration number 03874584, with a registered address at SK14 1AH, England, Hyde, Cheshire, Onward Chambers, 34 Market Street.

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