Ashby Gifts Ltd

Ashby Gifts Ltd, based in Lincoln, UK, is a small, active company established six years ago. Despite its active status, the company is currently facing challenges, with overdue accounts spanning two years and confirmation statements overdue by one year. Employing just one person, it holds £22,349 in assets and operates from a real address. It’s managed by a single director and owner, Meredith Ashley. The company is an irregular importer, primarily dealing in electrical machinery and equipment, with recent import activity recorded two months ago.

The company’s website showcases a diverse range of teddy bears and related gifts, acting as an authorised dealer for renowned brands like Steiff, Merrythought, and Hermann. It caters to a niche market, offering everything from classic teddy bears to Disney-licensed products and even model cars. The website’s detailed categories and brand listings suggest a well-curated selection aimed at collectors and gift-givers alike. It seems like a fairly traditional retail operation, relying on an online presence to reach customers.

Financially, Ashby Gifts Ltd presents a mixed picture. While current assets increased slightly to £22,000, net assets decreased significantly to -£11,000. Bank borrowings increased by 120% to £12,000, and cash reserves fell 100% to zero. Trade debtors have also increased by 440% to £12,000, which could be a sign of difficulties collecting payments. 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. No auditor is mentioned, which is typical for small companies.

Overall, Ashby Gifts Ltd appears to be struggling financially. The increase in borrowings and the decrease in cash reserves suggest that the company is burning through money. The overdue accounts and confirmation statements further indicate financial strain. While the website suggests a well-established online presence and a focus on niche products, the company needs to address its financial challenges to ensure its long-term viability.

Registered in England/Wales under the registration number 11461889, with a registered address at LN1 3SN, United Kingdom, Lincoln, Landmark House, 1 Riseholme Road.

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