Costoff Ltd

Costoff Ltd from Chesham UK is a small, active company founded five years ago. It’s a solo-founder operation employing just one person and holding £542,801 in assets. The company operates a real address and has two directors, with Woodstock Lynne Kathleen listed as both owner and director. It runs an e-commerce site specializing in home and office furniture.

The website, Costoffs, offers a wide range of furniture, from bistro sets and fire pit furniture to office chairs and outdoor garden supplies. It caters to various room types, including living rooms, bedrooms, dining rooms, and offices. The site emphasizes modern designs, rattan accents, and competitive pricing, with a focus on quality and customer satisfaction. It even has a blog section with styling inspiration.

Financially, Costoff Ltd shows a mixed picture. Current assets have increased by 40% to £540,000, which is good. However, net assets have decreased by 46% to -£150,000, which is a significant drop. Cash reserves have increased by a whopping 340% to £300,000, which is a positive sign. Trade debtors have decreased by 23%, suggesting better payment collection, but creditors have also risen by 4.5%, which could indicate increased supplier costs. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain flexible. The lack of an auditor (likely exempt as a small company) means the figures are unaudited.

Overall, Costoff Ltd appears to be navigating a period of change. While the cash position is strong, the negative equity suggests the company may be burning through money. The increased creditors could be a result of expansion or rising costs, and the strong cash position will be needed to weather any storm.

Registered in England/Wales under the registration number 12332810, with a registered address at HP5 3NA, England, Chesham, 7 Chestnut Avenue.

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