Woodfloors 4 U Limited

Woodfloors 4 U Limited, based in Ilford, UK, is a small, active company established seventeen years ago. With seven employees and £562,828 in assets, it operates from a virtual address—a point to note as twenty-two companies share the same address—and is managed by one director and one owner. The company boasts a stellar 5.0 Google rating from 222 reviews and regularly imports wood and wood products, with the last import recorded five months ago.

The company specializes in the retail sale of carpets, rugs, wall, and floor coverings, offering a wide range of options including chevron, engineered, geometric, and solid wood flooring, alongside accessories. Its website showcases a diverse selection, emphasizing luxury wood flooring at competitive prices, with a promise of price matching. The site also features a bespoke flooring service and a dedicated section for trade customers, highlighting its commitment to both individual consumers and professional partnerships. A unique aspect is the inclusion of a piano restoration business, 1066 Pianos, which operates separately but shares the same branding, suggesting a family-owned enterprise with diverse interests.

Financially, Woodfloors 4 U Limited presents a mixed picture. Cash reserves increased significantly by 160% to £520,000, a positive sign, but trade debtors decreased by 75% to £19,000, which could indicate challenges in collecting payments. Creditors, however, surged by 310% to £230,000, and other creditors jumped a whopping 9900% to £120,000, suggesting increased borrowing or supplier payments. While total inventories dropped 38% to £24,000, net current assets liabilities improved by 28% to £330,000. The company meets the criteria for a small business, with turnover likely under £10.2 million, assets under £5.1 million, and fewer than 50 employees. As a small company, it’s exempt from an audit, so the financial statements are unaudited. The company’s controlling party is true.

Registered in England/Wales under the registration number 06564236, with a registered address at IG2 6LR, Ilford, Essex, Finance House, 383 Eastern Avenue.

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