Binopolis Ltd

Binopolis Ltd, based in Bristol, UK, is a small holding company with an active status, established eleven years ago. With just two employees and £105,354 in assets, it operates from a virtual address, registered at Paulton House Old Mills, Paulton, and is managed by one director and three owners. It’s a family business running an e-commerce site, and enjoys a perfect 5.0 Google rating from thirteen reviews.

The website, Binopolis Kitchen Bins, specializes in providing in-cupboard bins for kitchens, catering to pull-out door cabinets, hinged door cabinets, and pan drawers. They offer a wide range of brands like Blanco, ECO, Gollinucci, and Hailo, focusing on both functionality and design. The site provides detailed product information, buying guides, and expert advice, showcasing a commitment to customer service. It's clear they're targeting a niche market of kitchen organizers and renovators.

Financially, Binopolis Ltd presents a mixed picture. While cash bank on hand increased by a significant 59% to £82,000, current assets also rose substantially, reaching £110,000. However, creditors increased by 45% to £110,000, and trade debtors skyrocketed by 520%, reaching £23,000—a potentially concerning trend. The company’s small size, meeting two of three criteria for a small company, helps maintain agility. Net current assets and liabilities decreased, but the company’s equity is negative, at -£2400. The lack of an auditor mentioned (likely exempt as a small company) means the financial data relies on unaudited reports.

The substantial increase in trade debtors suggests potential difficulties with customer payments, or perhaps an expansion of credit terms. It's possible that Binopolis Ltd is investing in growth, but the negative equity and rising creditors warrant close monitoring. Despite these financial pressures, the strong Google rating and focus on a specialized market suggest a resilient business with potential for future success.

Registered in England/Wales under the registration number 08617297, with a registered address at BS39 7SX, England, Bristol, Paulton House Old Mills, Paulton.

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