Bestsales Trade Ltd

Bestsales Trade Ltd is a small, active company based in Larkhall, UK, founded seven years ago in November 2017. Despite its active status and e-commerce site, the company is currently facing challenges, with overdue accounts and confirmation statements stretching back three years. It operates with a single employee and holds just £409 in assets, managed by one director and owner, who is also the solo founder. The business operates in the retail sale via mail order houses or via internet industries.

The company's website, PSW Tradesuppliers Ltd, showcases a wide range of products, primarily focused on plumbing and heating supplies. It offers everything from UFH water heating systems and manifolds to pipes, fittings, and bathroom accessories. The site caters to both trade professionals and DIY enthusiasts, with a focus on competitive pricing and a diverse product catalog. It's clear that PSW Tradesuppliers Ltd is a wholesale supplier, offering a comprehensive selection of building materials and plumbing components.

Financially, Bestsales Trade Ltd's situation appears precarious. Cash bank on hand sits at a concerning -£2,000, and net assets are deeply negative at -£1,700. Creditors are stable at £2,100, but current assets are also low at £410. Debtors are at £2,400, and other taxation social security payable is £2,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) means it’s likely exempt from an audit, so the figures are unaudited. It’s possible that the company is struggling to manage its cash flow, with delayed payments from customers contributing to the negative bank balance. The lack of growth in assets, combined with increasing debts, suggests that Bestsales Trade Ltd is burning through money, and it’s a concern.

Registered in Scotland under the registration number SC581073, with a registered address at ML9 2AG, Scotland, Larkhall, 17 Wellgate Street.

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