Timbersource Limited

Timbersource Ltd from Shepton Mallet UK: a small, active company established 24 years ago, employs 22 people, and holds £245,228 in assets. It’s a real family business with three directors and two owners, operating an e-commerce site and boasting a stellar 5.0 Google rating from 89 reviews. The company is an irregular importer of wood and wood products, with its last import operation recorded just one month ago in October 2024.

The company’s website showcases a wholesale business specializing in wood, construction materials, and sanitary equipment. It’s a business that seems to be doing well, with a focus on providing quality products and excellent customer service. The site is well-designed and easy to navigate, and it provides a lot of useful information about the company’s products and services.

Financially, Timbersource Ltd’s numbers show some interesting trends. While cash reserves decreased by 87% to £14,000, current assets also dropped by 40% to £250,000. Bank borrowings decreased significantly by 89%, settling at £950. Trade debtors also saw a decline of 72%, falling to £15,000. Despite these changes, the company’s equity dropped by 71% to -£130,000. The company is classified as small, meeting two out of three conditions: turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. There's no auditor mentioned, which is typical for small companies.

Overall, Timbersource Ltd seems to be navigating a period of change. The company’s strong Google rating and family ownership suggest a loyal customer base and a commitment to quality, but the significant drop in equity raises questions about its long-term financial health.

Registered in England/Wales under the registration number 04125551, with a registered address at BA4 4RN, England, Shepton Mallet, Somerset, Quarry Way, Waterlip.

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