Wood Finishes Direct Limited

Wood Finishes Direct Ltd, based in Folkestone, UK, is a sizable family business with a 19-year history. Employing 58 people, the company holds £3,167,818 in assets and generates £13,315,523 in yearly revenue. It operates an e-commerce site and is a regular importer of iron or steel products, although imports have been infrequent recently. The company has three directors and two owners, and boasts a 4.0 Google rating from 171 reviews.

The company's website showcases a vast range of wood finishing products, from oils and stains to varnishes and polishes, catering to both professional tradespeople and DIY enthusiasts. It offers a wide selection of brands, including Barrettine, Osmo, and Ronseal, and even provides expert advice and project inspiration through its blog. The site’s layout is clean and easy to navigate, with clear product categories and helpful descriptions.

Financially, Wood Finishes Direct Ltd presents a mixed picture. While turnover remains strong at £13,315,523, net assets have decreased by 20% to £2,667,000. Bank borrowings have increased by 11% to £150,000, and cash reserves have fallen by 15% to £1,300,000. Creditors have also risen by 17% to £1,300,000. The company meets two of three criteria to be considered large, indicating a stable, established presence in the market. The lack of an auditor mentioned suggests the company is exempt from a formal audit, relying on unaudited accounts.

The rise in creditors, coupled with the decrease in cash reserves, could suggest increased working capital requirements or potentially delayed payments from customers. However, the company's strong turnover and positive Google rating indicate continued demand for its products and services. The family-run nature of the business likely contributes to its long-term stability and commitment to customer satisfaction.

Registered in England/Wales under the registration number 05556432, with a registered address at CT19 5DS, Folkestone, Kent, Unit B 5 Acre Trade Estate, Park Farm Road Park Farm Industrial Estate.

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