Crescent Group Limited

Crescent Group Limited, based in Bolton, UK, is a small, active company founded nine years ago in 2016. With a single employee and £326,786 in assets, it operates from a real address and is led by one director and owner. The company regularly imports furniture, lighting, and prefabricated buildings, with eight months of import activity recorded, the last operation occurring in March 17. It’s a private limited company, registered with the number 10174865.

Crescent Group Limited’s core business involves letting and operating of conference and exhibition centres. It’s a small operation, meeting two of three criteria for a small company: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. Patel Zahid serves as both director and owner, and the company’s accounts are unaudited, a common practice for small entities.

Financially, Crescent Group Limited shows a mixed picture. Current assets increased by 47% to £320,000, a positive sign. However, net assets decreased by 43% to -£100,000, indicating a decline in equity. Cash bank on hand fell 23% to £150,000. Bank borrowings remained steady at £380,000. Trade debtors decreased by 19%, suggesting improved collection of payments. Interestingly, creditors remained constant at £1.1 million, and cash bank on hand decreased. The company’s deferred income increased by 42%.

The company’s losses deepened, and the decrease in cash reserves is a concern. Whether this is a temporary setback or a longer-term trend remains to be seen. The lack of an auditor, combined with the negative equity, suggests the company is relying heavily on its director’s management skills to navigate these challenges.

Registered in England/Wales under the registration number 10174865, with a registered address at BL3 6NN, England, Bolton, Crescent House, Lever Street.

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