Accessory Shop Ltd

Accessory Shop Ltd, based in Enfield, UK, is a small, active company founded seven years ago. Despite a promising 5.0 Google rating from over 580 reviews, the business faces challenges with overdue accounts and confirmation statements spanning three years. Employing just two people and holding £63,189 in assets, it’s a solo-founder operation managed by a single director and owner. The company operates in the retail sale via mail order houses or via internet industries.

The business’s website, Caravan Accessory Shop, specializes in caravan accessories and camping equipment, serving customers both online and in a physical shop in West Runton, North Norfolk. It boasts a wide range of products, from folding chairs and tables to towing equipment and gas fittings, catering to both caravanners and campers. The website highlights a "family run UK business" with sensible prices and a vast inventory—over 5,000 products—described as an "Aladdin's Cave." The company does not sell caravans themselves, but rather provides all the equipment needed for caravanning.

Financially, Accessory Shop Ltd’s recent performance presents a mixed picture. Accumulated depreciation increased significantly, particularly in plant machinery, while bank overdrafts ballooned by 44%. Creditors surged by a staggering 200%, reaching £110,000, and net assets declined to -£39,000. However, cash bank on hand increased by a substantial 190%, reaching £4,500, and total inventories decreased by 12%. 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 agility, but the rising debt and declining equity suggest potential strain. As a small company, it is exempt from an audit, so the financial information relies on unaudited statements. It’s possible that the business is investing in inventory or expanding its operations, but the increasing debt needs to be monitored closely.

Registered in England/Wales under the registration number 10947855, with a registered address at EN1 1SP, United Kingdom, Enfield, Unit 5 Big & Red Storage, Lincoln Road.

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