Crep Movement Ltd

Crep Movement Ltd from Chester UK is a small, active company founded three years ago. It’s a solo venture employing just one person and holding £12,633 in assets, operating from a virtual address. The company is led by a single director and owner, James Steven Duncalf, and runs an e-commerce site. It’s classified as a small company, meeting two of three conditions: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees.

The company’s website, Crep Movement, is a vibrant online retailer specializing in footwear and clothing, particularly Nike Air Max styles. It offers a wide range of trainers, full sets, and sportswear, with a focus on exclusive and on-trend items. The site boasts multiple currencies, fast delivery, and live chat customer service, aiming to provide a seamless shopping experience. It even has a section for ‘new in’ items and ‘best sellers,’ and offers a discount for subscribing to their newsletter.

Financially, Crep Movement Ltd has experienced some turbulence. Cash bank on hand has decreased by 19%, and current assets have fallen by 53%, dropping to £13,000. Creditors have seen a dramatic decrease of 84%, and other creditors have plummeted 90%, suggesting better debt management. However, trade debtors have increased by 81%, which could indicate delayed payments from customers. Equity has risen 33%, a positive sign, but overall net current assets and liabilities have only risen by 14%. The company’s small size and lack of employees (just one reported) allows for agility, but the decline in cash reserves and increase in trade debtors are worth noting. With no auditor mentioned, the figures are unaudited.

In conclusion, Crep Movement Ltd appears to be a small, online retailer navigating the challenges of growth. While it’s managed to reduce its debts, the decrease in cash reserves and increase in trade debtors suggest it’s burning through money a little too quickly. It's a lean operation, but whether it can sustain this pace remains to be seen.

Registered in England/Wales under the registration number 13574603, with a registered address at PR5 4HY, England, Preston, 156 Holland House Road, Walton-Le-Dale.

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