Booksin Ltd

Booksin Ltd from Fareham UK is a small company with an active status, founded two years ago. It employs three people and holds £20,835 in assets, generating £61,881 in yearly revenue. The company operates from a virtual address, registered at a location shared by thirty-three other businesses, which is a bit unusual. It's run by three directors and has one owner, who is also the solo founder. Booksin Ltd runs an e-commerce site.

The company's website, Books Inc., is a vibrant, established retailer with multiple locations across California. It's more than just an online store; it’s a community hub hosting book clubs, author events, and writing workshops. The site showcases a wide range of books, audiobooks, merchandise, and services, catering to diverse reading tastes. They even have a membership rewards program. The website’s design is modern and user-friendly, with clear navigation and a strong emphasis on visual appeal. It’s clear that the online presence is a significant part of their business model.

Financially, Booksin Ltd’s recent report shows some interesting trends. While turnover remained steady at £62,000, net assets decreased slightly to £1700. Bank borrowings increased substantially, reaching £58,000, and cash reserves were a modest £860. Creditors also increased, totaling £62,000. The company meets the criteria for a small business, with turnover under £10.2 million and assets under £5.1 million. The lack of an auditor mentioned suggests they are exempt as a small company, relying on unaudited financial statements.

The increase in borrowings could indicate investments in inventory or marketing to support the e-commerce operations. The decrease in net assets, however, suggests the company is burning through cash. It’s likely that the company is still in a growth phase, reinvesting profits to expand its online presence and physical locations.

Registered in England/Wales under the registration number 14755352, with a registered address at PO15 7AH, United Kingdom, Fareham, Hampshire, 1633 Parkway, Whiteley.

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