C & L Mail Order Ltd

C & L Mail Order Ltd, based in Devon, UK, is a small, active company established 17 years ago. With three employees and £17,083 in assets, it operates as a family business with two directors and two owners. The company boasts a solid 4.0 Google rating from four reviews. It’s a regular importer, specializing in clocks, watches, and their parts, with 31 months of import activity recorded, the last in August 2023.

The company’s website reveals a surprising secondary business: laser cutting services. Trading as C & L Laser Cutting, it offers laser-cut plastic discs, shapes, letters, and numbers. This diversification suggests an effort to leverage existing equipment and expertise beyond its core mail-order business. The website is simple, functional, and clearly focused on direct sales, indicating a lean operation.

Financially, C & L Mail Order Ltd presents a concerning picture. Current assets have plummeted 87%, dropping to just £17,000. Cash reserves have also experienced a dramatic 87% decline, sitting at a meager £12,000. Bank borrowings have surged by a staggering 2,400%, reaching £29,000, while creditors have fallen 90% to £17,000. The number of employees has also decreased significantly, dropping 67% to just one. Although classified as a small company (meeting two of three criteria), the sharp decline in equity and cash reserves raises questions about its financial health. The company's unaudited accounts, exempt from an audit due to its size, rely on director-reported data.

In short, while C & L Mail Order Ltd appears to be diversifying into laser cutting, its core mail-order business is facing significant financial challenges. The dramatic drop in assets and cash reserves, coupled with increased borrowing, suggests the company is burning through money, and its long-term viability remains uncertain.

Registered in England/Wales under the registration number 06370258, with a registered address at EX22 7ED, Devon, Glencarne, Bridgerule, Holsworthy.

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