Bublshop Limited

Bublshop Limited, based in Gillingham, UK, is a small, active company established eleven years ago in 2013. With six employees and £3,356,176 in assets, it operates from a real address and is led by one director and owner, Barras Richard Craig. The company boasts a solid 4.0 Google rating based on five reviews, and regularly imports machinery, boilers, and mechanical appliances; parts, with the latest import activity occurring in August 2024. Bublshop Limited’s core business involves the wholesale of hardware, plumbing, and heating equipment and supplies.

The company’s website is minimal, suggesting a business primarily focused on B2B wholesale rather than direct consumer sales. There's no indication of an e-commerce presence, pointing towards a traditional sales model involving direct contact and orders. It’s likely they supply trade customers rather than selling directly to the public.

Financially, Bublshop Limited presents a mixed picture. While current assets have increased significantly by 85%, reaching £3,400,000, other key indicators raise concerns. Net assets have grown by 31%, settling at £1,600,000, but cash reserves have plummeted 88%, leaving only £35,000. Bank borrowings have also shifted, with overdrafts decreasing but non-financial instruments increasing. Creditors have risen substantially by 93%, reaching £800,000, and trade debtors have fallen by 50%, suggesting potential payment issues with customers. The company's small size—meeting two of three criteria for being classified as small—helps with agility, but the significant drop in cash reserves is a worrying trend. The lack of an auditor mentioned, likely due to being exempt as a small company, means the figures are unaudited.

Overall, Bublshop Limited appears to be navigating a period of change. While asset growth is positive, the decline in cash reserves and increase in creditors suggest it's burning through money. The company’s success will likely depend on maintaining strong relationships with suppliers and customers, and effectively managing its cash flow.

Registered in England/Wales under the registration number 08750528, with a registered address at SP8 4EU, England, Gillingham, Bublshop Limited Mere Road, Peacemarsh.

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