Best Deal Products Ltd

Best Deal Products Ltd from Iver UK: small company, active status, founded 12 years ago, 2 employees, £194,188 assets, real address, 3 directors, 2 owners, family business. Regular importer of electrical machinery and equipment (30 months imported). It’s a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, employees less than 50. The last reported current assets is £194,188. The company is a regular importer, with its top import category being Electrical machinery and equipment, totaling 30 months of imports. The last import operation was conducted on January 01, 2020.

Best Deal Products Ltd operates primarily as an online retailer, offering a wide range of discounted goods through its website. The site showcases an extensive catalog, including cleaning supplies, breakfast cereals, biscuits, crisps, drinks, sweets, chocolate, and grocery items. It also offers vaping products, gifts, and general items, with a focus on offering prices “up to 80% off retail.” The website’s design is simple and product-focused, with clear pricing and a “Create your Take App” feature. It seems to be a clearance stock and general discount retailer.

Financially, Best Deal Products Ltd shows a mixed picture. While assets remain stable at £194,188, cash reserves have decreased, and bank borrowings have increased, suggesting a need for careful cashflow management. Net assets have also declined, though the company’s small size and family-run nature may allow for flexibility. Creditors have remained relatively stable, indicating consistent supplier relationships. The company's small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile, but the equity drop raises questions. The accounts are unaudited, and no auditor is mentioned.

The company's reliance on importing electrical machinery and equipment, while potentially cost-effective, also exposes it to supply chain risks and fluctuating exchange rates. The last import operation was made on January 01, 2020, which could mean a need to re-evaluate sourcing strategies.

Registered in England/Wales under the registration number 08208621, with a registered address at SL0 9DH, Iver, 11b North Park.

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