Creamy Patina Ltd

Creamy Patina Ltd from Warrington UK: a small, active company founded two years ago, employs two people, and holds £75,465 in assets. It’s a solo founder operation with one director and a real address shared by five other companies. The company irregularly imports clocks, watches, and their parts – just one month of imports recorded as of November 2023.

The company operates in the wholesale of watches and jewellery industries, and its website highlights a significant shift in strategy. A recent announcement indicates Creamy Patina Ltd is transitioning towards a new chapter, focusing on innovation and tradition in watchmaking. This includes pioneering endeavors like miniature movements, moving away from its current retail focus. The website also advertises a range of international shipping options, and a cart with a loading screen.

Financially, Creamy Patina Ltd shows some concerning trends. Cash bank on hand has dropped dramatically by 90%, falling to just £4,200. Current assets have also decreased by 10%, to £75,000. Trade debtors have fallen by 59%, and inventories have increased by 160%, to £65,000. Although creditors have decreased by 56%, suggesting improved debt management, the sharp decline in cash reserves and the rise in inventories could indicate challenges in managing working capital. The company’s average number of employees has increased to three, which is a positive sign, but the overall financial picture suggests it’s burning through money. The company is exempt from an audit as a small company, so the figures are unaudited.

Registered in England/Wales under the registration number 14245120, with a registered address at WA3 3DA, England, Warrington, The Old Police Station 82 High Street, Golborne.

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