Bad Wallets Ltd

Bad Wallets Ltd from Ulverston UK: small company, active status, founded 8 years ago, 1 employee, £17,045 assets, real address, 1 director, 1 owner, solo founder. 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, employees less than 50. The last reported current assets is £17,045. The company operates in the retail sale via mail order houses or via internet industries.

Bad Wallets Ltd runs a retail business primarily through online sales. The website, while not fully developed, suggests a focus on selling wallets and related accessories. It’s not clear if they have a physical store or if all sales are conducted online. The site’s design is simple, and the product range appears limited, but the focus on quality and customer service is evident. It seems like a small, niche operation catering to a specific market.

Financially, Bad Wallets Ltd is showing some concerning trends. Current assets have plummeted by a staggering 46%, dropping to just £17,000. Equity has also taken a hit, falling 61% to £12,000. Cash reserves are down 78%, leaving only £3,000 in the bank. Creditors have surged by 350%, reaching £5,200, and trade payables have completely vanished. Loans from directors, which were previously negative at -£6,200, are now zero. The company’s small size means it’s likely exempt from an audit, so the figures are unaudited. The significant drop in assets and cash, coupled with the increase in creditors, suggests the company is struggling to manage its finances. It’s possible the business is facing increased costs or a slowdown in sales. The lack of employees (just one reported) means the founder is likely working long hours to keep the business afloat.

Registered in England/Wales under the registration number 10650635, with a registered address at LA12 8NU, England, Ulverston, Cumbria, Beechwood Annexe, Canny Hill, Newby Bridge.

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