Boss Developments Limited

Boss Developments Ltd, based in Sheffield, UK, is a small, active company founded six years ago. Despite its status, the company is facing some challenges, with accounts overdue for three months and confirmation overdue by 21 days. Employing just four people, it holds £986,412 in assets, but operates from a virtual address shared by many other companies. The business is led by one director and one owner, and regularly imports toys, games, and sports equipment (for the last three months), while also exporting electrical machinery and equipment (for the last twelve months).

The company’s website is non-existent, which makes it difficult to determine the scale of its online presence. It appears to operate primarily as a wholesale business, dealing in computers, peripheral equipment, and software.

Financially, Boss Developments Ltd presents a mixed picture. While current assets stand at £990,000, net assets have plummeted to -£20,000—a significant reversal from the previous year’s £7,200. Bank borrowings have increased substantially, reaching £64,000, while cash reserves are a modest £21,000. Creditors have ballooned to £1,100,000, suggesting potential cash flow issues. Trade debtors are also high at £420,000. The company’s small size—meeting two of three criteria for a small company—helps it remain nimble, but the sharp decline in equity is concerning. The company’s inventory is substantial, at £460,000, which may indicate a focus on maintaining stock levels.

The company’s auditor is Brown McLeod Limited, but the accounts are unaudited, which is typical for small companies. It's clear that Boss Developments Ltd is facing financial pressures, and the company will need to address these challenges to ensure its long-term viability.

Registered in England/Wales under the registration number 11564357, with a registered address at S11 9PA, England, Sheffield, The Old Workshop, 1 Ecclesall Road South.

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