Argo City Ltd

Argo City Ltd from Wolverhampton UK is a small, active company founded 16 years ago. With nine employees and £86,402 in assets, it operates a real address and boasts a stellar 5.0 Google rating based on 1283 reviews. The company has three directors and two owners, and regularly imports electrical machinery and equipment, with 53 months of import activity recorded. It runs an e-commerce site and operates in the other retail sale not in stores, stalls or markets industries.

The company's website showcases a wide range of bulbs, from LED replacements to specialist halogen options, catering to various vehicle types. It's a comprehensive online store for automotive lighting, with a focus on providing quality products and competitive pricing. The site is well-structured and easy to navigate, reflecting a professional e-commerce operation.

Financially, Argo City Ltd presents a mixed picture. While cash reserves increased by 41% to £23,000, net assets decreased by a substantial 1300% to -£27,000. Bank borrowings increased significantly, rising by 430% to £32,000, and trade debtors jumped by a whopping 4500%, reaching £8,000. Creditors also increased, rising by 14% to £46,000. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The lack of an auditor is typical for a small company, so the figures are unaudited.

The increase in bank borrowings and the sharp decline in equity suggest the company may be burning through cash, potentially due to increased inventory or marketing expenses. However, the strong Google rating and active e-commerce site indicate continued customer demand. It’s possible the company is investing in growth, but careful management of cash flow will be crucial for long-term sustainability.

Registered in England/Wales under the registration number 06841637, with a registered address at WV10 9LE, England, Wolverhampton, Unit 3 Shaw Park Business Village, Shaw Road.

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