Britaly Ltd

Britaly Ltd, based in Chelmsford, UK, is a small, active company established twelve years ago. Despite its active status, the company currently has overdue accounts for five months, a potential indicator of financial strain. With three employees and £106,136 in assets, it’s a modest operation managed by one director and owner. The company regularly imports drinks, alcohol, and vinegar – a consistent activity spanning 47 months, with the most recent import occurring in May 2024 – but exports these same products less frequently, with just two months of export activity recorded, the last in November 2024.

Britaly Ltd operates as agents involved in the sale of food, beverages, and tobacco, a sector demanding consistent supply chains and market understanding. The company's website is currently unavailable, making it difficult to assess its online presence and direct sales activities.

Looking at the financial data, Britaly Ltd’s situation presents a mixed picture. While the company’s bank borrowings decreased by a significant 27%, cash reserves have also plummeted by 62% to £11,000. Creditors have increased by 7.5%, and while trade debtors have risen, it's worth noting that the company's net assets have fallen by a considerable 66% to just £280. The decrease in equity is a worrying trend, suggesting the company may be burning through cash reserves. Although the company meets the criteria for a small business – with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees – the sharp decline in equity warrants closer attention. The lack of an auditor mentioned suggests the company is exempt from an audit, relying on unaudited financial statements.

Padalino Pasquale owns and directs Britaly Ltd, and the list of directors and owners hasn't changed much in recent years. The company’s financial performance suggests it’s navigating a challenging period, and whether it can maintain its import activities and adapt to changing market conditions remains to be seen.

Registered in England/Wales under the registration number 08364014, with a registered address at CM1 1GS, England, Chelmsford, Essex, 23 Kings Tower Marconi Plaza.

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