Catholic Gift Shop Ltd

Catholic Gift Shop Ltd, based in London, UK, is a small, family-run business with an active status. Founded eleven years ago in 2014, it employs nine people and holds £481,830 in assets. Operating from a virtual address shared by many other companies, it’s managed by three directors and two owners. The company has a Google rating of 5.0 based on thirteen reviews and runs an e-commerce site, specializing in religious gifts. It’s a regular importer of jewelry, precious stones, and metals, with nineteen months of import activity recorded, the latest in September 2024.

The company’s website, Catholic Gift Shop, is a UK leader in religious goods, offering a wide selection of rosary beads, miraculous medals, Lourdes water gifts, and other Catholic items. It ships worldwide, including Australia, Canada, USA, South America, Asia, Europe, and Africa. The site promotes competitive pricing, a UK distribution centre, and a diverse range of products, from traditional items to modern designs. It also offers a prayer request submission service and accepts all major credit and debit cards.

Financially, Catholic Gift Shop Ltd shows some concerning trends. Cash reserves have dropped significantly by 74%, falling to £29,000, while current assets have also decreased by 10%, reaching £500,000. Net assets have fallen by 27%, settling at £250,000. Trade creditors have increased by 15%, reaching £69,000, and bank borrowings have surged by 2,400%, reaching £29,000. The company's small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain agile, but the sharp equity drop and increased borrowing raise questions. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

In short, Catholic Gift Shop Ltd is facing financial pressures despite its strong online presence and positive customer reviews. The family ownership and focus on religious goods provide a unique selling point, but the company will need to address its declining cash reserves and increasing debt to ensure long-term sustainability.

Registered in England/Wales under the registration number 08884705, with a registered address at N1 7GU, England, London, 20-22 Wenlock Road.

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