Coastal Accessories Limited

Coastal Accessories Ltd, based in Bournemouth, UK, is a small, family business with an active status. Founded nineteen years ago in 2005, the company employs twelve people and operates from a real address. With three directors and two owners, it's a tight-knit operation. Coastal Accessories Ltd regularly imports and exports leather goods, travel bags, and animal harnesses, with a history of eighty-nine months of imports and ten months of exports. The company operates in the wholesale of clothing and footwear industries.

The company's website, The Coastal Lifestyle Company, showcases a wide range of coastal-themed home décor, furniture, lighting, and accessories. It's an ecommerce site, with a focus on beach huts, boats, and nautical themes. The site also features a blog with articles on coastal living, offering inspiration and tips for decorating homes with a seaside vibe. It appears to be an evolution from The Beach Hut Ltd, established in 98, now celebrating its 50th anniversary.

Financially, Coastal Accessories Ltd shows some concerning trends. Accumulated amortisation for intangible assets increased by 63%, and depreciation for property, plant, and equipment rose by 11%. Bank borrowings surged by 14%, reaching £300,000, while cash reserves plummeted 79%, dropping to just £4,600. Creditors decreased by 18%, which is a positive sign, but net assets declined by 10%, settling at £660,000. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. There’s no mention of an auditor, likely due to its small size.

While the company's ecommerce presence looks strong, the financial data suggests it's burning through cash. The increase in bank borrowings and decrease in cash reserves could be due to increased inventory purchases or marketing expenses to support the website’s growth. Whether Coastal Accessories Ltd can sustain its growth trajectory remains to be seen, but its focus on a niche market and strong online presence could help it weather the storm.

Registered in England/Wales under the registration number 05639357, with a registered address at BH1 4LJ, England, Bournemouth, Coastal House, 48 Ashley Road.

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