Bargain Superstore London Limited

Bargain Superstore London Limited, based in Coventry, UK, is a small, active company founded fifteen years ago. With five employees and £91,885 in assets, it operates from a virtual address shared by 610 other companies, a detail that warrants some scrutiny. The business is a family affair, managed by one director and two owners, and enjoys a stellar 5.0 Google rating based on 47 reviews. It’s a regular importer of ceramic products, having imported for 28 months, with the latest shipment arriving in October 2023. The company operates in the retail sector, specifically focusing on the other retail sale of food in specialised stores.

The company's website, accessible through a standard Facebook login page, offers little insight beyond the typical social media platform features. There’s no dedicated e-commerce site or detailed product catalog—just the standard login and sign-up options. This suggests a limited online presence, potentially relying on wholesale or local sales channels instead.

Financially, Bargain Superstore London Limited presents a mixed picture. Current assets have fallen by 27% to £92,000, while cash reserves have also decreased by 27% to £40,000. Debtors have plummeted by a staggering 98%, which could indicate improved collection rates or a significant reduction in credit sales. However, creditors have also declined by 25%, and equity has taken a substantial hit, dropping 71% to just £1,300. A notable increase in 'Other Taxation Social Security Payable' by 55% to £10,000, may suggest a need to review tax obligations. The company’s small size—meeting two of three criteria for a small company—allows for flexibility, but the decline in equity is a cause for concern. With no auditor mentioned, the financial statements are unaudited.

In conclusion, Bargain Superstore London Limited appears to be navigating a period of financial adjustment. While the business maintains a strong reputation based on its Google rating, the declining equity and cash reserves warrant close monitoring. The company’s reliance on a virtual address and limited online presence also raise questions about its long-term sustainability, but the family ownership and focus on ceramic products could be a source of strength.

Registered in England/Wales under the registration number 07217867, with a registered address at CV6 4AD, United Kingdom, Coventry, Bridge House, 9 - 13 Holbrook Lane.

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