Traverse Flooring Uk Ltd

Traverse Flooring Uk Ltd is a small, active company based in St Nicholas At Wade, UK, founded six years ago in 2018. The company, with £125,856 in assets, operates in the floor and wall covering industries and is a family business with two directors and two owners. It’s a real address, and only one company is registered there. The firm is an irregular importer, primarily dealing in furniture, lighting, and prefabricated buildings, with recent activity recorded just two months ago.

The company's website, traverseflooring.com, showcases a range of flooring options, from boardwalks to quartz vinyl, and highlights a focus on environmental sustainability. It appears to be a B2B operation rather than a direct-to-consumer e-commerce site, with a focus on wholesale and distribution. The site mentions a location in Boca Raton, Florida, suggesting a US presence alongside its UK operations.

Financially, Traverse Flooring Uk Ltd presents a mixed picture. While current assets increased slightly to £130,000, net assets decreased significantly to -£62,000. Cash bank on hand also dropped by 17% to £9,700. Trade debtors increased by 18%, indicating potentially delayed customer payments, and creditors increased by 170%, suggesting a reliance on credit. The company’s small size (meeting two of three conditions for a small company) helps with agility, but the large equity decrease is concerning. The lack of an auditor mentioned (likely exempt as a small company) means the figures are unaudited.

The company’s reliance on imports, particularly in a fluctuating global market, could be a vulnerability. While the US presence offers potential for growth, it also adds complexity. The company seems to be holding its own, but the financial data suggests it’s burning through money.

Registered in England/Wales under the registration number 11395095, with a registered address at CT7 0QQ, England, St Nicholas At Wade, Kent, Down Barton Farm Down Barton Farm, Down Barton Road.

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