Cards Direct Retail Limited

Cards Direct Retail Ltd, based in Hemel Hempstead, UK, is a sizable company with an active status, having been established twelve years ago in 2012. Employing 283 people, the company boasts assets of £4,664,089 and generates a yearly revenue of £14,733,866. It operates from a real address and is overseen by five directors, with Kaneria Jitesh owning the company. The firm regularly imports glass and glassware, with the last import operation occurring in October 2023.

The company primarily engages in retail sales via mail order and internet, catering to a broad customer base. While a dedicated website isn't readily available, its business model suggests a focus on direct-to-consumer sales, likely utilizing online platforms and potentially mail catalogs.

Financially, Cards Direct Retail Ltd presents a mixed picture. While revenue has increased, administrative expenses have also risen significantly, jumping 35%. Net assets have improved by 20%, reaching £3 million, but cash reserves have decreased by 17%, sitting at £1.8 million. Bank borrowings have also increased, though not drastically. Creditors have decreased by 6.8%, suggesting better debt management. The company’s size (meeting two of three criteria for a large company) indicates a robust operation, but the increased expenses warrant further scrutiny. The accounts are audited by Haines Watts, Statutory Auditor.

The company’s focus on importing glass and glassware, combined with its retail operations, suggests a supply chain that could be vulnerable to external factors. The increased administrative expenses could be related to expanding operations or increased marketing efforts—but it’s also possible that the company is facing rising costs in its supply chain.

Registered in England/Wales under the registration number 08113467, with a registered address at HP2 7FZ, England, Hemel Hempstead, Hertfordshire, 3 Horizon Point, Swallowdale Lane.

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