Towner Finishes Limited

Towner Finishes Ltd, based in Ashford, UK, is a small, active company founded six years ago. With seven employees and £1,104,523 in assets, it operates from a virtual address—a detail flagged by the registration of 796 other companies at the same location. The business is a family affair, managed by two directors and two owners, and functions as an irregular importer of clothing and accessories, not knitted or crocheted, with just one month of import activity recorded as of June 2021. The company’s core business is described as operating in the other building completion and finishing industries.

While Towner Finishes Ltd's website is not available, the company’s activities appear to be focused on construction-related finishing work. It’s unclear if they have a dedicated online presence or rely on direct sales and referrals.

Financially, Towner Finishes Ltd presents a mixed picture. Current assets have increased by a substantial 21%, reaching £1,100,000, while net assets have surprisingly jumped from a negative £49,000 to a positive £1,500—a dramatic turnaround. Bank borrowings have remained steady at £5,200, and cash reserves have seen a significant boost, rising 140% to £13,000. However, trade debtors have decreased by 23%, which could indicate tighter credit control or slower customer payments. Creditors have also decreased slightly, suggesting better debt management. The company meets the criteria for a small business, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. As a small company, it’s exempt from an audit, so the figures are unaudited.

The sudden improvement in equity is notable and could be due to a one-off event, such as a sale of assets or a write-off of liabilities. The decrease in debtors, however, warrants further investigation to ensure it doesn't signal potential payment issues down the line. Overall, Towner Finishes Ltd seems to be navigating its way through a period of change, with a focus on improving its financial position.

Registered in England/Wales under the registration number 11963190, with a registered address at TN27 0JS, England, Ashford, Kent, King Arthurs Court Maidstone Road, Charing.

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