Bennetts Direct Ltd

Bennetts Direct Ltd, based on Canvey Island, UK, is a small, active family business established twelve years ago. With two employees and £38,042 in assets, it operates from a real address and is overseen by two directors and owners. The company enjoys a solid 4.0-star Google rating based on six reviews. It’s a small company, meeting two of three conditions: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees.

The company’s website is not available, but it operates in the retail sale via mail order houses or via internet industries. It’s a niche market, and they seem to be doing well.

Financially, Bennetts Direct Ltd presents a mixed picture. While cash bank on hand decreased by 7.2% to £16,000, current assets increased by a healthy 28% to £38,000. Trade debtors, however, have surged by a substantial 130%, which could indicate challenges in collecting payments. Equity has also grown by 34% to £26,000, a positive sign of retained earnings. Borrowings from directors remain steady at £10,000. The company’s creditors have also increased by 15% to £12,000.

The lack of an auditor mentioned likely means the company is exempt due to its small size, and the financial statements are unaudited. Overall, Bennetts Direct Ltd appears to be navigating a period of growth, but the increase in trade debtors warrants attention. The family-run nature of the business, combined with its online retail focus, suggests a resilient and adaptable model, but keeping an eye on cash flow is important.

Registered in England/Wales under the registration number 08356358, with a registered address at SS8 0NH, Canvey Island, Essex, 19 Ormsby Road.

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