Cgs Stores Ltd

Cgs Stores Ltd, based in Carlisle, UK, is a small, holding company with an active status, established nine years ago in May 19, 2015. The company employs five people and holds £311,282 in assets. It has a real address and is managed by one director and one owner. Cgs Stores Ltd regularly imports electrical machinery and equipment (14 months of imports, last in December 2024) and occasionally exports iron or steel products (1 month of exports, last in November 2016). The company operates in the other retail sale not in stores, stalls or markets industries.

The company’s website is not available, so it’s impossible to determine if it operates an e-commerce site. However, the business appears to be focused on retail, with no obvious online presence.

Financially, Cgs Stores Ltd shows a mixed picture. Current assets increased by 43% to £310,000, but net assets decreased by a significant 160% to -£56,000. Bank borrowings remained steady at £10,000, but cash reserves fell by 38% to £21,000. Creditors increased by 65% to £430,000, and trade debtors grew by 65% to £120,000. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the decline in equity is a concern. The company is exempt from an audit, so the figures are unaudited.

The company’s financial trends suggest it’s burning through money. While assets have increased, the negative equity indicates a lack of profitability and a reliance on borrowing. The increase in creditors suggests the company may be struggling to pay its bills on time. The lack of employees, coupled with the negative equity, implies a lean operation that may be overstretched. The company's financial situation warrants close monitoring to ensure its long-term viability.

Registered in England/Wales under the registration number 09597197, with a registered address at CA6 4BU, England, Carlisle, Suite 0557, Unit D3 Mod Village Baron Way, Kingmoor Business Park.

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