Brandex Retail Ltd

Brandex Retail Ltd, based in Wimborne, UK, is a small, active company founded four years ago. With five employees and £394,640 in assets, it operates from a real address and is led by two directors and owners, enjoying a perfect 5.0 Google rating from four reviews. The company regularly imports machinery, boilers, and mechanical appliances, with seven months of import activity recorded. It operates in the non-specialised wholesale trade and other retail sale not in stores, stalls or markets industries.

The company’s website is currently unavailable, making it difficult to determine the full scope of its operations beyond the import business.

Financially, Brandex Retail Ltd presents a mixed picture. While bank borrowings have increased significantly by 250% to £310,000, cash reserves have only grown modestly by 4.8% to £160,000. Creditors have nearly doubled, rising 99% to £400,000, and net current assets have shifted into negative territory, dropping to -£44,000. Trade debtors have also seen a substantial increase, jumping 310% to £230,000. On a positive note, the company’s average number of employees has risen by 40% to seven, suggesting growth in operational capacity. The company's equity, however, has fallen by 75% to £3,600, which could be a concern. As a small company meeting two of three criteria (turnover under £10.2m, assets under £5.1m, fewer than 50 employees), it's likely exempt from an audit, relying on unaudited financial statements.

The significant increase in bank borrowings and the decrease in equity suggest that Brandex Retail Ltd may be relying on external financing to support its operations. The rise in trade debtors could indicate difficulties in collecting payments from customers, which could put a strain on the company's cash flow.

Registered in England/Wales under the registration number 13059107, with a registered address at BH21 7JX, England, Wimborne, Unit A Jubilee Farm Burts Lane, Mannington.

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