Compact Storage Limited

Compact Storage Limited, based in Colchester, UK, is a small, family-run business with an active status. Founded 30 years ago in 1995, the company employs just four people and holds £665,105 in assets. It operates from a virtual address, a detail that raises some questions, and is overseen by four directors and three owners. The company regularly imports furniture, lighting, and prefabricated buildings – 11 months of import activity have been recorded, with the last operation in April 2021 – and exports the same items, albeit less frequently, with four months of export activity, the last in October 2020.

The company's website is unavailable, making it difficult to determine the specifics of its operations beyond the import and export data. It appears to be operating in the "other manufacturing n.e.c." industry, a broad category that doesn't offer much insight into its precise activities.

Financially, Compact Storage Limited presents a mixed picture. While cash reserves have increased significantly – soaring 62,000% to £110,000 – other areas show concerning trends. Net assets have decreased by 15%, falling to £360,000, and bank borrowings have dramatically reduced by 86%, leaving just £9,800. Creditors have also increased by 45%, reaching £280,000, suggesting potential challenges in managing short-term debts. Trade debtors have decreased by 18%, which could be a positive sign of improved collections, or it could indicate a slowdown in sales. 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, which is typical for small, exempt companies.

Overall, Compact Storage Limited seems to be navigating a period of change. The significant increase in cash reserves is encouraging, but the decline in net assets and rising creditors warrant closer attention. It’s possible the company is reinvesting in its business, but careful management will be essential to ensure its long-term stability.

Registered in England/Wales under the registration number 03051267, with a registered address at CO1 1TG, England, Colchester, Essex, The Octagon Suite E2, 2nd Floor, Middleborough.

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