Britdeals Limited

Britdeals Ltd, based in Salford, UK, is a holding company with an active status, established eight years ago in 2017. The company employs ten people and boasts assets of £1,351,370. It operates from a real address and is led by three directors, with Palacci Albert J as the sole owner and solo founder. It has a stellar 5.0 Google rating based on 518 reviews. Britdeals regularly imports and exports electrical machinery and equipment, with 36 months of import activity and 93 months of export activity, the latest operations both occurring in January 2025.

The company's website, Britdeals.co.uk, reveals a wholesale liquidation business specializing in retail returns and pound deals. It offers up to 50% off first orders and emphasizes brand-new, tier-one merchandise, negotiable prices, and rich manifest data. The site actively promotes its warehouse operations and career opportunities. It’s clear that Britdeals operates as a wholesale distributor, sourcing liquidated stock and reselling it to retailers and other businesses. The website also has a section for sales inquiries and highlights its commitment to European wholesale liquidation.

Financially, Britdeals Ltd shows some concerning trends. While cash and cash equivalents increased by a substantial 55% to £2.1 million, current assets experienced a 24% drop to £1.4 million. Net losses deepened significantly, increasing by 190% to £1.1 million. Bank borrowings surged by 270%, reaching £730,000, and dividends paid increased dramatically. Creditors decreased by 60%, suggesting improved debt management, but the overall picture is one of increased spending and reduced profitability. The company’s administrative expenses increased by 8.6% to £2 million. No auditor is mentioned, likely due to the company's size.

Despite these financial pressures, Britdeals' strong Google rating and active import/export operations suggest a resilient business model. The company’s focus on liquidation and wholesale distribution allows it to offer competitive prices, but the increased spending and reduced profitability indicate a need for careful financial management.

Registered in England/Wales under the registration number 10551715, with a registered address at M3 5FS, England, Salford, 1st Floor, Cloister House Riverside, New Bailey Street.

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