Compass Retail Enterprises Ltd

Compass Retail Enterprises Ltd, based in Newark, UK, is a small, active company founded four years ago. With just two employees and £52,084 in assets, it’s a solo-founder operation led by a single director and owner. The company is an irregular importer, with its top import category being Toys, games, and sports equipment, totaling 1 months of imports, the last operation was conducted on June 01, 2022.

The company’s website, Compass Group UK & Ireland’s Healthcare Services, reveals a much larger operation. It’s a leading provider of food, hospitality, and support services to acute hospitals, private healthcare facilities, and senior care settings. They offer a wide range of services, from patient and resident catering to hospital security and cleaning, even providing retail solutions like cafes and convenience stores within hospitals. Their website highlights a commitment to “putting people at the heart of everything we do,” emphasizing positive experiences for patients, residents, staff, and visitors. They also have a strong focus on sustainability and career development.

Financially, Compass Retail Enterprises Ltd shows a mixed picture. Cash bank on hand increased by 79% to £6,900, which is a good sign, but net assets decreased by 63% to -£64,000. Creditors also increased significantly, rising by 64% to £53,000. While the company’s small size (meeting two of three conditions for a small company) allows for agility, the decrease in net assets is concerning. Property, plant, and equipment increased by 130% to £16,000, which might indicate investment in the business, but it’s unclear if this will translate into improved profitability. Depreciation expense also increased by 130%, which is expected with increased assets, but it does reduce the company’s net income. The company is exempt from an audit as a small company, so the financial statements are unaudited.

Registered in England/Wales under the registration number 13264577, with a registered address at NG24 4SR, United Kingdom, Newark, Nottinghamshire, 28 The Ivies, Farndon Road.

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