Buseq Ltd

Buseq Ltd is a small, active company based in Manchester, UK, founded eight years ago. It’s a solo founder operation with one director and one employee, holding £16,881 in assets. The company operates from a virtual address shared by 81 other businesses, raising questions about its physical presence. Buseq Ltd is involved in retail sales via mail order and internet, as well as offering food services.

The company’s website highlights its role as a community volunteer bus service in East Sussex, operating under the name Cuckmere Buses. It runs various routes, including services to Drusillas, Alfriston, and Pevensey Castle, catering to both regular commuters and tourist attractions. The website emphasizes volunteer drivers and fundraising efforts, showcasing a strong community focus. It even offers a shuttle bus from Lewes Railway Station during the Charleston Festival.

Financially, Buseq Ltd’s figures present a mixed picture. While net assets improved significantly, rising from -£4,600 to £760, cash reserves decreased by 20% to £1,100. Bank borrowings also fell, dropping 44% to £1,500. Creditors increased by 23%, suggesting a reliance on short-term financing. Trade debtors increased by a substantial 86%, which could indicate delayed customer payments or an expansion of credit terms. The company’s small size (meeting two of three conditions for a small company) allows for flexibility, but the increase in debtors should be monitored. With no auditor mentioned, the figures are unaudited.

Overall, Buseq Ltd appears to be navigating a challenging environment. Its community bus service demonstrates a commitment to social impact, but the financial figures suggest a need for careful management and a focus on improving cash flow.

Registered in England/Wales under the registration number 10623264, with a registered address at M3 3WR, England, Manchester, C/O Alexander & Co Centurion House, 129 Deansgate.

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