Tobys Reclamation Limited

Tobys Reclamation Ltd from Exminster UK is a small, active company founded nine years ago. With six employees and £209,518 in assets, it operates from a real address and is managed by one director and two owners, boasting a solid Google rating of 4.0 based on 81 reviews. The company regularly imports furniture, lighting, and prefabricated buildings, with 16 months of import activity recorded.

The company’s website showcases a diverse range of reclaimed and vintage items, from rustic furniture and garden décor to doors, windows, and fireplaces. It emphasizes sourcing unique, ethical, and fairly priced pieces, appealing to customers seeking character and sustainability in their homes. The website also features a gift voucher section and a blog, indicating an effort to engage with customers beyond simple transactions. It's clear they are selling online, and the site is well-designed, with clear product categories and a focus on visual appeal.

Financially, Tobys Reclamation Ltd shows some concerning trends. While turnover remained steady at £49,000, net assets fell by a significant 28% to £35,000. Cash reserves declined by 56% to £43,000, and bank borrowings increased by 2.5% to £5,800. Creditors also decreased by 22% to £180,000, which could indicate improved debt management. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The lack of an auditor mentioned suggests they are exempt from an audit as a small company.

Overall, Tobys Reclamation Ltd appears to be facing financial pressures despite its positive online presence and strong customer reviews. The decrease in cash reserves and net assets suggests it might be burning through money faster than it’s earning it, but the decrease in creditors is a positive sign. It’s a small business with a unique offering, but its long-term health depends on stabilizing its finances and maintaining its reputation for quality and ethical sourcing.

Registered in England/Wales under the registration number 10114052, with a registered address at EX6 8DZ, England, Exminster, Devon, Station Road.

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