2 Surface Leather Ltd

2 Surface Leather Ltd, based in Nottingham, UK, is a small, active company founded twelve years ago in 2012. With fifteen employees and £456,476 in assets, it’s a modest operation managed by two directors and one owner. The company has a real address and is currently in good standing. It imports optical and medical tools and devices irregularly, with just one month of import activity recorded back in 2022, but exports man-made staple fibers regularly, with six months of export activity ending in October 2023. The business operates within the printing n.e.c. industries.

The company’s website, 2surfaceleather.co.uk, appears to be a simple e-commerce site. It showcases a range of leather goods, including bags, belts, and accessories, with a focus on handmade items and personalized options. The site is well-designed and easy to navigate, featuring high-quality product images and detailed descriptions. While it doesn't offer extensive features like live chat or customer reviews, it does provide clear contact information and secure payment options. It’s a classic example of a small business leveraging the internet to reach a wider customer base.

Financially, 2 Surface Leather Ltd’s recent performance paints a mixed picture. Current assets have increased by 5.6% to £460,000, which is a positive sign. However, net assets have also increased by 4.0% to £420,000. Bank borrowings have surged by a staggering 140% to £85,000, and cash reserves have plummeted 77% to just £38,000. Creditors have decreased by 2.2% to £450,000, suggesting improved debt management. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the significant increase in bank borrowings and the drop in cash reserves raise concerns. There's no auditor mentioned, likely due to the company’s small size and exemption from an audit. The company’s equity has also increased by 4.1% to £410,000.

Overall, 2 Surface Leather Ltd seems to be navigating a period of growth, but it’s also facing financial pressures. The increase in bank borrowings suggests the company may be investing in its business or facing cash flow challenges. While the increase in assets is encouraging, the decrease in cash reserves warrants close monitoring.

Registered in England/Wales under the registration number 08254727, with a registered address at NG6 8YP, England, Nottingham, Unit 4i Blenheim Park Road.

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