Westfields Interiors Limited

Westfields Interiors Limited is a small, active company based in Batley, UK, founded six years ago in January 2019. With just three employees and £17,679 in assets, it’s a solo-founded operation run by two directors and one owner. The company’s accounts are currently overdue by five months, and its confirmation statement is overdue by two months. It operates in the retail sale via mail order houses or via internet industries.

The company’s website showcases Westfield Services UK, a provider of construction, engineering, and environmental services. While the site highlights a wide range of services – from pipework and LPG barriers to electrical work and construction – it doesn’s immediately clear how closely this relates to the interiors focus suggested by the company name. The website emphasizes efficiency, flexibility, and cost-effectiveness, and boasts 40 years of trading experience. It even mentions affiliations with BSI ISO 90012008, suggesting a commitment to quality standards.

Financially, Westfields Interiors Limited shows some concerning trends. Accumulated depreciation on plant machinery increased by 26%, while depreciation on vehicles surged by a staggering 220%. Bank borrowings decreased by 48%, which is a positive, but cash reserves jumped 190% to £17,000. Creditors decreased by 38%, which is good, but equity plummeted by 1800% to just £2,900. Net current assets liabilities, however, increased significantly by 1600%. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile, but the sharp equity decline and growing net current liabilities raise questions about its financial health. With no auditor mentioned, the figures rely on unaudited statements.

Overall, Westfields Interiors Limited appears to be navigating a period of financial pressure, despite its established presence and commitment to quality services. Whether the company can sustain its operations and turn around its financial performance remains to be seen.

Registered in England/Wales under the registration number 11785041, with a registered address at WF17 5TD, England, Batley, 3rd Floor Hickwell Mills, Hick Lane.

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