Aaa Bargains Ltd

Aaa Bargains Ltd is a small, active company based in Rochdale, UK, founded six years ago in 2018. It operates an e-commerce site and holds £2,500 in assets. With two directors and one owner, the company is a modest operation. It’s a real address, with only one other company registered there.

The company's website, Bargains2u, offers a wide range of household goods, from baby care and toiletries to cleaning products and electrical items. It caters to budget-conscious shoppers, emphasizing "your favourite household brands for less." The site’s extensive categories and regular sales promotions indicate a focus on volume and competitive pricing. It's a good ecommerce site, with lots of categories and products.

Financially, Aaa Bargains Ltd shows a concerning trend. Current assets have fallen dramatically, dropping 84% to just £2,500. Net assets are also down, falling 12% to -£16,000. Bank borrowings have increased, rising 200% to £200. Cash reserves have disappeared completely, dropping 100% to zero. Creditors have decreased by 59%, which is a positive sign. 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 decline in assets and cash is worrying. There’s no auditor mentioned, so the figures are unaudited.

It seems Aaa Bargains Ltd is burning through money, and its financial health is a concern. The company’s reliance on e-commerce and its focus on low prices may be contributing to these pressures. It's a small business, and it’s hard to see how it will last.

Registered in England/Wales under the registration number 11595885, with a registered address at OL11 3QN, England, Rochdale, 8 Rufford Avenue.

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