Bankrupt Store Ltd

Bankrupt Store Ltd from Ilford UK: a small, active company founded four years ago, employs two people, and holds £113,249 in assets. Operating from a virtual address, it's led by one director and owner, who is also the solo founder. The business runs an e-commerce site and enjoys a stellar 5.0 Google rating from 39 reviews. It regularly imports clothing and accessories, excluding knitted or crocheted items, with 11 months of import activity recorded.

The company’s website, while not fully detailed in this report, appears to focus on retail sales of clothing. It’s a small operation, meeting two of three conditions to be classified as such: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees. The registered address is IG1 1LR, United Kingdom, Ilford, Essex, Treviot House, 186-192 High Road, but is likely a virtual address as 304 companies are registered there.

Financially, Bankrupt Store Ltd shows a mixed picture. Cash reserves have decreased by 35% to £19,000, and net assets have fallen to -£120,000, a significant drop. Trade debtors have plummeted by 60% to just £96, and net current assets are now at -£12,000. However, creditors have decreased by 17%, which could indicate improved debt management. The company's small size allows for agility, but the equity decline raises concerns. As a small company, it's exempt from an audit, so the figures are unaudited.

It's worth noting that the company's director, Caplan Benjamin Daniel, is also the sole director and owner. The company operates in the retail sale of clothing in specialised stores. While the business appears to have a strong online presence and positive customer reviews, the financial data suggests it's facing some challenges.

Registered in England/Wales under the registration number 13085198, with a registered address at IG1 1LR, United Kingdom, Ilford, Essex, Treviot House, 186-192 High Road.

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