Uk Wood Floors Limited

Uk Wood Floors Limited, based in Farnborough, UK, is a small, active company established 24 years ago. Employing ten people, it holds assets of £372,662 and operates from a virtual address—a detail worth noting, as fifteen companies share the same address. The business is run by two directors and one owner, and it maintains an e-commerce site. It’s a regular importer of wood and wood products, with six months of import activity recorded, the last in March 2024.

The company’s website, Wood Floor Warehouse, showcases a wide range of flooring options, including laminate, engineered wood, solid wood, and luxury vinyl tiles. It’s clearly focused on retail, offering a comprehensive selection of brands and styles, alongside accessories, underlay, and maintenance products. The site even includes a room visualizer, a nice touch for online shoppers. They have a large selection of floors, over 170, and even offer financing options.

Financially, Uk Wood Floors Limited presents a mixed picture. While current assets remain steady at £370,000, equity has taken a significant hit, plummeting 64% to £130,000. Bank borrowings have disappeared entirely, a positive sign, but trade debtors have surged by a staggering 280%, suggesting potential issues with customer payments. Creditors have also increased, by 7.3%. 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—and the accounts are unaudited, as is typical for small companies.

The sharp decline in equity, coupled with the increase in outstanding debts, raises some concerns. It's possible this is a temporary fluctuation, or perhaps a result of increased investment in inventory or marketing. However, it warrants closer monitoring. The company’s reliance on regular imports, and the absence of an auditor, adds another layer of complexity to the financial picture.

Registered in England/Wales under the registration number 04143694, with a registered address at GU14 6HD, England, Farnborough, Hampshire, 189 Lynchford Road.

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