Crabpots Uk Ltd

Crabpots Uk Ltd, based in Exeter, UK, is a small, active company founded six years ago. With just one employee and £64,427 in assets, it operates from a virtual address – a detail flagged by the presence of 128 other companies registered at the same location. The business is led by a single director and owner, Michael Hill. Crabpots Uk Ltd specializes in importing textile padding, felt, nonwoven fabrics, special yarns, ropes, and cables, with recent import activity recorded just two months ago. It also operates as a holiday cottage agency, offering unique self-catering accommodations in Norfolk.

The company's website, Crabpot Cottages, showcases a portfolio of holiday homes, emphasizing a family-run, independent local agency. It also highlights a separate venture: the restoration of high-end pianos, operating from Cambridge and even featuring a showroom in Harrods. This dual focus—holiday rentals and piano restoration—suggests a diverse business strategy.

Financially, Crabpots Uk Ltd presents a mixed picture. Cash bank on hand has decreased significantly by 47%, dropping to £13,000. Creditors have risen by a substantial 9.5%, reaching £140,000, while debtors have surged by 520%, jumping to £16,000. Equity has also declined by 14%, settling at -£50,000. Despite these challenges, the company’s small size—meeting two of three criteria for a small company—allows for agility. The lack of an auditor mentioned likely means the accounts are unaudited.

The sharp increase in debtors could indicate a period of delayed payments from customers, while the rise in creditors suggests increased borrowing or supplier credit. The decrease in cash reserves warrants attention, but the company's diverse revenue streams—holiday rentals and piano restoration—may provide some buffer. The virtual address, while common, does raise questions about the physical presence of the business.

Registered in England/Wales under the registration number 11968908, with a registered address at EX2 4DG, United Kingdom, Exeter, Devon, 1 Colleton Crescent.

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