Atlantic Folk Limited

Atlantic Folk Ltd from Long Sutton UK: a small, active company founded 14 years ago, employs 19 people, and holds £99,440 in assets. It’s a family business with two directors and two owners, boasting a perfect 5.0 Google rating from one review. The company regularly imports basic metal tools and utensils (57 months) and exports miscellaneous manufactured goods (68 months).

The company operates in the wholesale of household goods and retail via mail order houses or via internet industries. Its website, Wholesale Atlantic Folk England, suggests a focus on wholesale distribution within England. The business is a regular importer, with its top import category being Basic metal tools and utensils, totaling 57 months of imports. The last import operation was conducted on July 01, 2024. The company is also a regular exporter, with its top export categories including Miscellaneous manufactured goods, totaling 68 of months exports. The last export operation took place on December 01, 2023.

Financially, Atlantic Folk Ltd shows some concerning trends. Current assets have dropped significantly by 40% to £99,000, while net assets have plummeted 32% to -£15,000. Bank borrowings have increased by 11% to £41,000, and cash reserves have fallen by an impressive 61%. Trade debtors have also decreased by 35%, suggesting a possible struggle to collect payments. The company meets the criteria for a small company, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. No auditor is mentioned, likely due to its small size.

It's clear Atlantic Folk Ltd is facing financial pressures. The drop in assets and increase in borrowings suggest the company is burning through money. Whether this is a temporary setback or a longer-term challenge remains to be seen, but the company’s long history and family ownership may provide some resilience.

Registered in England/Wales under the registration number 07251364, with a registered address at PE12 9JH, Long Sutton, Lincolnshire, Churchyard.

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