Britannia Reeds Limited

Britannia Reeds Limited is a small, active company based in Nottingham, UK, founded twelve years ago in 2013. It employs just two people and holds £10,623 in assets. The company operates from a virtual address, registered at 69 Loughborough Road, West Bridgford, a location shared by sixteen other businesses. It's led by two directors and two owners, and boasts a perfect 5.0 Google rating based on two reviews.

The company’s website, though, tells a different story. Britannia Reeds St Albans, a related entity, is permanently closed, expressing gratitude to its customers. This suggests a shift in strategy or perhaps the end of a particular venture. The company’s business activities include manufacturing wood products, articles made from cork and straw, and retail sales via mail order and internet industries.

Financially, Britannia Reeds Limited shows some concerning trends. Current assets have decreased by 25%, falling to £11,000, while net assets have plummeted 65%, now sitting at just £1,700. Cash reserves have also declined by 29%, down to £9,000. Trade debtors have increased by a significant 54%, reaching £260, and creditors have also risen by 14%, now at £9,800. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the decline in equity and cash is noticeable. With no auditor mentioned, the figures are unaudited. The directors, Lorraine Blyth and Damian Brassington, receive salaries and dividends, with the company owing them a combined £7,357.

Registered in England/Wales under the registration number 08474182, with a registered address at NG2 7LA, Nottingham, 69 Loughborough Road, West Bridgford.

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