Tk Timber Products Ltd

TK Timber Products Ltd, based in Grimsby, UK, is a small, active company founded six years ago. With £80,554 in assets and a real address, it’s a solo-founder operation managed by one director and owner. The company boasts a perfect 5.0 Google rating based on one review, a testament to its customer service.

The business primarily operates through an eBay store, selling reclaimed pallet wood, new timber, scorched wood, and craft packs. It’s a thriving online marketplace for timber enthusiasts, with a large inventory and a focus on reclaimed materials. The company has invested in a timber drying kiln, allowing it to offer value-added services at competitive prices. The website highlights a wide range of products, from wall cladding to scaffolding boards, catering to both DIYers and commercial projects. The business has a large stock of pallet boards, able to supply orders of any size.

Financially, TK Timber Products Ltd shows some concerning trends. Cash bank on hand dropped by 35% to £80,000, while current assets declined by 46% to £81,000. Bank borrowings surged by 58% to £13,000, and equity plummeted 49% to £49,000. Creditors also decreased by 58% to £13,000. 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 remain flexible, but the significant equity decline warrants attention. Debtors have fallen dramatically, suggesting a possible issue with collecting payments. No auditor is mentioned, likely due to the company’s small size and exemption from audit.

Overall, TK Timber Products Ltd appears to be a successful eBay seller with a strong product offering, but the recent financial figures indicate a need for careful management and a focus on improving cash flow.

Registered in England/Wales under the registration number 11784407, with a registered address at DN31 2TB, United Kingdom, Grimsby, Unit 1 Estate Road 4., South Humberside Ind. Estate..

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