Big Laces Limited

Big Laces Ltd, based in Alnwick, UK, is a small, active family business established twelve years ago. With just two employees and £89,432 in assets, it’s a modest operation overseen by two directors and owners, Clayton Cheryl Kathryn and Clayton David Lee. Boasting a perfect 5.0 Google rating from 315 reviews, Big Laces Ltd has clearly cultivated a loyal customer base.

The company’s website, helpbiglaces.co.uk, specializes in shoelaces and bootlaces, offering a wide variety of styles and colours. It's an e-commerce service, and customers can even send a photo of their laces for a personalized match. The site emphasizes fast, friendly service and quality products, and even provides a phone number for direct contact.

Financially, Big Laces Ltd's recent performance shows some concerning trends. Cash bank on hand has dropped significantly, falling 73% to £20,000. Current assets also declined by 35%, settling at £89,000. Equity has seen a similar drop, decreasing 35% to £73,000. On the brighter side, creditors have decreased by 30%, suggesting improved debt management. Trade debtors have increased by 24%, which could be a sign of growth, but also a potential risk if payments are delayed. The company meets the criteria for a small business, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. There is no auditor mentioned, which is typical for small companies.

Overall, Big Laces Ltd seems to be facing some financial pressures, despite its strong online reputation. The decrease in cash reserves and equity is a cause for concern, but the company's agility as a small business could help it navigate these challenges.

Registered in England/Wales under the registration number 08233617, with a registered address at NE66 3JT, Alnwick, Northumberland, 1 Sea View, Longhoughton.

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