Cheerful Bargains Ltd

Cheerful Bargains Ltd is a small, active holding company based in Gateshead, UK. Founded thirteen years ago in December 2011, it employs just one person and holds assets of £722,317. The company, with a real registered address and overseen by one director and owner, regularly imports iron or steel products (eight months of activity, last in August 2023) but exports furniture, lighting, and prefabricated buildings irregularly (just one month of activity, last in May 2022). The company operates in the retail sale via mail order houses or via internet industries.

The company’s website is not available, so it’s difficult to determine the specifics of their online presence. However, the business model suggests an e-commerce focus, likely targeting consumers directly.

Financially, Cheerful Bargains Ltd presents a mixed picture. Current assets have decreased by 31% to £720,000, while net assets have fallen 11% to -£62,000. Bank overdrafts have decreased by 13%, and cash reserves have dropped significantly by 65% to just £2,800. Creditors have decreased by 32%, which is a positive sign, but the significant equity drop and the low cash balance are concerning. The company meets the criteria for a small company, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. The lack of an auditor (likely exempt as a small company) means the figures are unaudited.

The company’s debt is also a concern, with a large proportion of its assets tied up in creditors. The recent changes in both the director and owner lists could be a sign of restructuring or a change in strategy. While the company’s regular import activity suggests a stable supply chain, the irregular export activity indicates a less established presence in international markets.

Registered in England/Wales under the registration number 07886727, with a registered address at NE8 1RB, Gateshead, England, 163 Alexandra Road.

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