5 West Limited
- Liquidation
- Small
- 21 years
- 6 employees
- £1,783,047 (assets)
- Regular importer
- Regular exporter
- Virtual address
- 1 director
- 1 owner
- Solo founder
- E-commerce
Two conditions of three:
1.Turnover < £10.2 million
2.Balance sheet total < £5.1 million
3.Average number of employees < 50
Field of Operation
Website
Summary
5 West Limited, based in Gosport, UK, is a small, active company founded 21 years ago in 2003. Employing six people, it holds £1,783,047 in assets and operates from a real address within Haslar Marina. With one director and owner – a solo founder – the company has been around for quite some time. It regularly imports machinery, boilers, and mechanical appliances, parts for twelve months, with the latest import in September 2024. It also exports optical and medical tools and devices for six months, with the last export in April 2024. The company operates in the activities of sport clubs industries.
The company's website, West Country Fires, showcases a wide range of fireplaces and stoves from various brands, including Town Country, ACR, and Gazco. It’s a comprehensive online retailer, offering everything from wood-burning stoves to electric fireplaces, with a focus on quality and customer service. The website also has a showroom and offers installation services across the South of England. It's clear the company is focused on selling, with promotions like a 10% discount for first-time buyers.
Financially, 5 West Limited shows a mixed picture. While current assets increased by 25% to £1,800,000, net assets decreased by 25% to £860,000. Bank borrowings have increased, and cash reserves fell by 60% to £76,000. Trade debtors have also risen by 37%, suggesting potential issues with customer payments. 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 remain flexible. The company’s accounts are unaudited, likely due to its small size, and were prepared by TC Group.
Overall, 5 West Limited appears to be navigating a period of change. While its online presence is strong and it’s a long-standing business, the financial figures indicate some pressure. The company's ability to manage its debts and maintain its cash flow will be key to its continued success.
Registered in England/Wales under the registration number 04856467, with a registered address at PE6 8FD, Peterborough, Unit 3 Eventus Business Centre Sunderland Road, Market Deeping.
WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.
Owners & PSC
-
Individual
- 9 years
- 1
- 75%+
-
Resident of United Kingdom
Managers
-
Individual
- 21 years
- 1
-
Resident of Jersey
Last reports
The latest confirmation statement submitted one year ago.
Last news
-
Appointment of a voluntary liquidatorDownload 3 pages pdf report
-
ResolutionsDownload 1 page pdf report
-
Declaration of solvencyDownload 5 pages pdf report
5 West Limited controls
Owns & Controls
-
Corporate
- 9 years
- 75%+
-
Resident of United Kingdom
Importer profile by HS codes
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Last imported products
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Exporter profile by HS codes
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Last exported products
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FAQ about 5 West Limited
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