Classic Canes Limited

Classic Canes Ltd, based in Yeovil, UK, is a small, active family business founded nine years ago. With seven employees and a virtual address, the company is run by two directors and owned by three individuals. It operates as a regular importer and exporter, specializing in umbrellas, sun umbrellas, and walking sticks, with 41 months of import activity and 47 months of export activity. The company's core business is wholesale of household goods.

The company’s website is not available for analysis.

Financially, Classic Canes Ltd shows a mixed picture. Assets have increased, with cash reserves up 15% to £21,000. However, bank borrowings have risen significantly, increasing by 63% to £47,000. Creditors have decreased by 43%, which is a positive sign, suggesting improved debt management. The company’s net assets have increased by a substantial 170%, reaching £270,000. Trade debtors have increased by 3.9%, indicating a slight increase in outstanding customer payments. The company meets the criteria for a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The lack of an auditor mentioned suggests the company is exempt from an audit as a small entity.

The company’s increased borrowings may indicate investments in inventory or expansion efforts. It's possible that the company is trying to grow its business, but it should be careful to manage its debt levels. The decrease in creditors is a good sign, but the increase in debtors could be a cause for concern.

Registered in England/Wales under the registration number 09583913, with a registered address at BA22 8WW, United Kingdom, Yeovil, Somerset, Albert Goodman, Lupin Way.

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