Acore (uk) Limited

Acore Uk Ltd from Leicester UK: a small, active company founded thirteen years ago, operates with ten employees and holds £87,039 in assets. It’s a family business with one director and two owners, regularly importing man-made staple fibers—seven months of activity recorded, with the last operation in August 2022. The company’s registered address is real, with only one other company registered there.

The business primarily operates in the wholesale of textiles industries, and its website is currently unavailable, making it difficult to determine if they operate an e-commerce platform.

Financially, Acore Uk Ltd presents a mixed picture. Current assets have decreased by 25%, dropping to £87,000. Equity has taken a significant hit, falling 430% to -£24,000, which is a worrying trend. Bank borrowings have also decreased, falling by 16%, and cash reserves have increased substantially to £25,000. While creditors have risen by 17%, the company’s small size (meeting two of three conditions for a small company: turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows it to remain agile. The lack of an auditor mentioned suggests the company is exempt from an audit.

The decrease in equity is a key concern, potentially indicating increased losses or a need for additional investment. The increase in cash reserves, however, provides some buffer. The company’s reliance on imports, while providing access to materials, also exposes it to supply chain risks. The fact that the owners list was changed four months ago could indicate a shift in the business’s direction or a change in ownership structure.

Registered in England/Wales under the registration number 08051615, with a registered address at LE1 3UD, Leicester, Unit 4c, Kapital Building,, Charter Street.

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