Currentcare Limited

Currentcare Ltd from Accrington UK is a small, holding company with an active status. Founded 27 years ago in 1997, the business employs nine people and holds £713,001 in assets. It has a real address and is managed by one director and one owner, operating an e-commerce site. The company regularly imports and exports electrical machinery and equipment, with 164 months of import activity and 40 months of export activity recorded.

The company's website, while not detailed, indicates a focus on wholesale trade of motor vehicle parts and accessories. It’s a small business, meeting two of three conditions for classification: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The company's registered address is shared with only one other business, suggesting a real, physical location.

A review of Currentcare Ltd’s financial data reveals some concerning trends. Accumulated amortisation impairment for intangible assets increased slightly, while depreciation for property, plant, and equipment rose significantly, particularly for leasehold improvements. Average employee numbers decreased by 11%, and cash reserves plummeted 42% to £30,000. Creditors increased substantially, reaching £310,000, while bank borrowings were reduced. The company’s net assets also took a hit, dropping 15% to £700,000. Despite these challenges, trade debtors increased by 8.5%, which could indicate a growing customer base.

The lack of an auditor mentioned likely means the company is exempt from an audit due to its small size. While the business is operating, the decline in cash and the rise in creditors suggest it's facing financial pressure. The company’s holding structure and regular import/export activity indicate a more complex operation than its small size might suggest, but whether it can sustain this level of activity remains to be seen.

Registered in England/Wales under the registration number 03437499, with a registered address at BB5 5BE, United Kingdom, Accrington, Unit 1 Marlborough Works, Marlborough Rd.

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