Ark Wholesale Limited

ARKfw Ltd, a wholesale supplier of furniture, clothing, and general household items, is experiencing a period of significant financial change. The company, established in 2014, operates from a 70,000 square foot warehouse and employs fifteen people. While boasting a wide-ranging catalogue accessible via its website, recent financial data reveals a concerning trend.

The company’s net assets and liabilities have plummeted by 70%, falling to £150,000—a substantial decrease from £500,000 the previous year. Cash reserves have virtually disappeared, dropping 100% to a mere £31. Bank borrowings, however, have decreased by 45%, suggesting an effort to manage debt. Trade debtors have also seen a dramatic reduction, falling 95% to just £21,000. While this could indicate improved collection efforts, the sharp decline in overall assets is a cause for concern. Creditors have also decreased, which is a good sign.

The website, arkfw.co.uk, serves as the company’s primary sales channel. It’s a comprehensive e-commerce platform, categorizing products into departments like Living Room, Bedroom, Clothing, and Garden Furniture. Customers can register for a trade account to access wholesale prices and enjoy free delivery on orders over £200. The site also features a clearance section and a frequently asked questions page, providing support and guidance to potential buyers. The website clearly aims to attract businesses looking to source products for resale, emphasizing bulk buying and profit maximization.

The company's financial data suggests a period of instability. The dramatic decrease in net assets and cash reserves, coupled with the decrease in trade debtors, could be attributed to a number of factors, such as increased competition, changing consumer demand, or internal operational challenges. The decrease in bank borrowings is a positive sign, but the overall picture paints a challenging landscape. The lack of an auditor mentioned in the report—likely due to the company’s small size—means these figures are unaudited. It's a lot to take in, and it’s not clear if the company is burning through money or just experiencing a rough patch.

Registered in England/Wales under the registration number 08914046, with a registered address at BB3 1QJ, Darwen, Lancashire, Bottom Croft Mill, Blackburn Road.

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