Bargain Blinds (wales And South West) Limited

Bargain Blinds Wales And South West Ltd from Pontyclun UK: a small, active company founded eleven years ago, is facing some financial challenges. With thirty-five employees and £201,454 in assets, this family business operates an e-commerce site selling blinds and related products, holding a respectable 4.0 Google rating from 147 reviews. The company imports wood and wood products irregularly, with its last import operation occurring two months ago. It’s a real address, with two directors and two owners managing the operations.

However, the company's financial reports are overdue for the past two years, raising concerns about its current health. While it meets the criteria to be considered a small company—with turnover less than £10.2 million, balance sheet total less than £5.1 million, and fewer than 50 employees—the numbers paint a concerning picture. Current assets have plummeted by nearly 50%, dropping to £200,000, while net assets have suffered an even more significant decline, falling 79% to just -£88,000. Bank borrowings have increased dramatically, surging by 200% to £15,000, and cash reserves have vanished, leaving just £17. Trade debtors have ballooned by 270%, suggesting payment issues with customers, and creditors have decreased by 52%.

The lack of an auditor mentioned suggests the company is exempt from an audit due to its small size. While the e-commerce site appears to be functioning well, the financial data indicates a company struggling to manage its finances. Whether this is a temporary setback or a longer-term trend remains to be seen, but it’s clear that Bargain Blinds Wales And South West Ltd is facing some difficult times.

Registered in England/Wales under the registration number 08636171, with a registered address at CF72 9DX, Pontyclun, Mid Glamorgan, Unit 1d Hepworth Business Park, Coedcae Lane.

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