Cms Wardrobes Ltd

Cms Wardrobes Ltd is a small, holding company based in Manchester, UK, with an active status. Founded eight years ago in November 2016, the company employs just three people and holds £178,321 in assets. It operates an e-commerce site and has one director and one owner. The registered address is real, with only three companies registered at the same location. The company’s business revolves around retail sales via mail order and online, as well as other retail outlets.

The company's website, while not fully detailed in the report, suggests a focus on wardrobe solutions and related products, operating within the broader retail sector. It’s clear they’re engaging in e-commerce, but the specifics of their product range and target market are not fully elaborated.

Financially, Cms Wardrobes Ltd presents a mixed picture. Cash reserves have decreased by 25% to £150,000, while trade debtors have significantly increased by 180% to £27,000. Creditors have also decreased by 36%, which could indicate improved debt management. Equity has increased by 5.5%, a positive sign, but the decrease in current assets by 15% to £180,000 is something to watch. Depreciation charges on property and equipment have remained steady at £3,800, and the company's small size (meeting two of three criteria for a small company) allows for flexibility. The accounts are abridged and unaudited, and no auditor is mentioned.

The company’s financial trends suggest it’s navigating a period of change. The increase in debtors could be due to offering more credit to customers, or it could signal potential collection issues. The decrease in cash reserves, alongside a rise in debtors, might indicate the company is relying more on credit and could be burning through cash faster than anticipated. The increase in equity, however, suggests a healthy underlying business, and the decrease in creditors is a positive sign. It's likely that the company is still growing, but needs to carefully manage its cash flow and credit policies to ensure long-term stability.

Registered in England/Wales under the registration number 10477573, with a registered address at M13 0HX, England, Manchester, 311 Melrose 159 Hathersage Road.

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