Bar Codes For Business Limited

Bar Codes For Business Limited, based in Abingdon, UK, is a small, active company founded 33 years ago in 1992. With four employees and £255,589 in assets, it operates from a real address and is overseen by two directors and one owner. The company’s core business involves importing and exporting machinery, boilers, and mechanical appliances—parts, though its import activity is somewhat irregular, with only two months of recorded activity as of February 2023, while export activity has been ongoing for 21 months, ending in November 2019. The company operates within the “other information service activities n.e.c.” industries.

The company's website is non-existent, which makes it difficult to determine if it’s an e-commerce business. Without a website, it’s likely that the company operates through direct sales or partnerships, rather than online retail.

Financially, Bar Codes For Business Limited presents a mixed picture. While net assets increased by 12% to £260,000, current assets took a hit, dropping 13% to £260,000. Cash reserves experienced a more significant decline, falling 46% to £100,000. Trade debtors saw a substantial increase of 48%, suggesting a potential reliance on customer payments. Interestingly, accrued liabilities grew by 5.4%, indicating a rise in short-term obligations. Bank borrowings are non-existent. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the decrease in cash reserves is something to keep an eye on. The accounts are unaudited, as the company is exempt from an audit.

The decrease in the number of employees reported, from four to two, is also notable. It’s possible that the company streamlined operations or experienced staff turnover, but it could also signal a period of cost-cutting or restructuring. Overall, Bar Codes For Business Limited appears to be navigating a period of change, with both opportunities and challenges ahead.

Registered in England/Wales under the registration number 02708711, with a registered address at OX13 6SZ, England, Abingdon, Unit 5 Deanes Close, Steventon.

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