Waddington Flooring Limited

Waddington Flooring Ltd from York UK: a small, active company founded six years ago, holds £720,718 in assets, and operates from a real address. It’s managed by two directors and owned by two individuals. The company is an irregular importer, primarily dealing with rubber and rubber products, with recent import activity recorded just one month ago.

The company’s website highlights its focus on supplying and installing floor coverings and hygienic wall solutions. It offers nationwide coverage and encourages customers to contact them via phone or email. The site’s simple design and clear call-to-action suggest a focus on practicality over flashy marketing. It’s not clear if the company operates an e-commerce site, but the contact information and straightforward messaging indicate a business geared towards direct customer engagement.

Financially, Waddington Flooring Ltd presents a mixed picture. While bank borrowings increased significantly by 200%, reaching £92,000, cash reserves saw a dramatic surge, jumping 750% to £150,000. Creditors decreased by 11%, suggesting improved debt management. However, the most striking change is the dramatic shift in equity, which soared by 610% to £100,000. This could be due to a variety of factors, such as increased profitability or a revaluation of assets. The company’s small size (meeting two of three conditions for a small company) allows for flexibility, but the substantial increase in equity warrants further investigation. No auditor is mentioned, likely due to the company’s exemption as a small entity.

Overall, Waddington Flooring Ltd appears to be navigating a period of positive change. The surge in cash reserves and improved equity suggest a healthy financial trajectory, despite the increased bank borrowings. The company’s focus on practical solutions and direct customer engagement, combined with its financial stability, positions it well for continued growth.

Registered in England/Wales under the registration number 11918431, with a registered address at YO32 2RH, England, York, Unit 1, The Barn Wigginton Road, Wigginton.

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