Ak Giftshop Ltd

Ak Giftshop Ltd, based in Peterborough, UK, is a small, family-run business with an active status. Founded eight years ago, the company employs ten people and holds £170,959 in assets. It’s a tight-knit operation with two directors and two owners, operating from a real address.

The business primarily operates in the retail sale via mail order houses or via internet industries. It’s a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, and employees less than 50. The website is not available, so it’s difficult to tell if they are running an e-commerce site.

Financially, Ak Giftshop Ltd shows some concerning trends. Accumulated depreciation increased by 27%, particularly in computer equipment, while cash reserves plummeted 76% to just £8,400. Bank borrowings also increased, reaching £100,000. Creditors rose by 35%, suggesting a reliance on credit. On the positive side, debtors increased by 7.9%, and the company’s equity remained constant. The lack of an auditor (likely exempt as a small company) means the figures are unaudited.

The company’s net assets and liabilities have decreased significantly, which could be a sign of financial strain. It’s possible the business is reinvesting in inventory or marketing, but the sharp decline in cash warrants further investigation. The fact that the company is a family business could be both a strength (close management) and a weakness (potential for emotional decision-making).

Registered in England/Wales under the registration number 10623006, with a registered address at PE7 3GX, England, Peterborough, Unit 6 Broadway, Yaxley.

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