Cumberland Group Limited

Cumberland Group Limited, based in Gidea Park, UK, is a small, active company with a history stretching back 47 years. Founded in 1977, it employs five people and holds assets valued at £1,815,205. The company, owned and directed by Park David, operates from a real address and boasts five directors, though it's a solo founder story. It’s a bit irregular when it comes to trade, importing paper and paperboard products for one month and exporting iron and steel for another, with the last activity recorded in May 2024 for imports and April 2024 for exports.

The company’s website is non-existent, so it’s hard to know what they’re doing beyond what’s in the report. It’s likely a B2B operation, supplying materials rather than selling directly to consumers.

Financially, Cumberland Group Limited shows some interesting trends. While current assets have increased by a substantial 34% to £1,800,000, net assets have also climbed 11% to £2,400,000. Bank borrowings have increased by 17% to £120,000, and cash reserves have fallen by a significant 66% to £34,000. Creditors have also increased by 9.2% to £1,600,000, which could be a sign of expansion or increased purchasing. The company meets the criteria to be a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. There is no auditor mentioned, which is typical for companies of this size.

The increase in debtors by 45% to £1,500,000 is a little concerning, suggesting they may be waiting longer to get paid. It’s possible this is due to new contracts or changes in payment terms, but it’s something to keep an eye on. The company's accounting standards applied are small entities. It's a bit strange that the company is losing money.

Registered in England/Wales under the registration number 01324644, with a registered address at RM2 6AT, Gidea Park, Essex, Orchard Court, 4 Station Square.

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