Truestyle Limited

Truestyle Ltd, based in Newport, UK, is a small, active company founded 13 years ago. With three employees and £88,388 in assets, it operates as a regular importer of clothing and accessories (excluding knitted or crocheted items), with recent activity in October 2024. Boasting a perfect 5.0 Google rating from 51 reviews, the company is managed by one director and owner, Hayley Jane True.

Truestyle Ltd’s primary business is window installation, operating as Truestyle Windows Ltd. The website showcases a family-run business specializing in high-quality windows, doors, and conservatories. It emphasizes customer satisfaction, competitive pricing, and a showroom experience, catering to both residential and commercial clients. The site also highlights partnerships with various manufacturers, offering a wide range of products and styles.

Financially, Truestyle Ltd’s report shows some concerning trends. While current assets increased by 23% to £88,000, net assets declined significantly by 110% to just £480. Bank borrowings decreased by 34% to £9,400, but bank overdrafts increased by a substantial 35% to £23,000. Creditors also rose by 20% to £79,000. The company’s small size (meeting two of three conditions for a small company) allows for flexibility, but the drop in equity is a worry. The report indicates that the company is using the FRS 102 accounting standard, and the accounts are unaudited.

The company's financial data suggests it's burning through cash, potentially due to increased operating expenses or slower sales. The rise in overdrafts is a red flag, indicating a reliance on short-term borrowing to meet its obligations. It is likely that the company is experiencing some financial strain, despite its positive customer reviews and established reputation.

Registered in England/Wales under the registration number 07866701, with a registered address at PO30 5DR, England, Newport, 6 Alderbury Road.

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