Devine Enterprises Limited

Devine Enterprises Ltd from Croydon UK is a small, family business with an active status, having been founded 24 years ago. The company employs nine people and holds £320,710 in assets, operating from a real address. It’s managed by three directors and owned by two individuals. Devine Enterprises is an irregular importer, primarily dealing with printed materials like books, newspapers, and pictures, with just two months of import activity recorded over the past few years.

The company’s website, devineenterprisesltd.co.uk, suggests a focus on retail sale of books in specialised stores. It’s a small operation, meeting two of three conditions to be considered small: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The address is probably real as only one company registered at the same address.

Looking at the financials, Devine Enterprises shows some concerning trends. Accumulated depreciation has increased slightly, but the number of employees has decreased by 22%, dropping to seven. Bank borrowings have increased, with overdrafts up 10%, while cash reserves have seen a significant boost, rising by 200% to £40,000. Creditors have also increased, rising by 16% to £330,000. Equity, however, has plummeted by 69%, leaving net assets at just £3,100. Future minimum lease payments have also decreased by 14%.

While the company’s cash position looks healthier, the decline in equity is a red flag. It’s possible that the decrease in equity is due to increased investment in the business, but it could also indicate financial strain. The lack of an auditor mentioned (likely exempt as a small company) means these figures are unaudited. Overall, Devine Enterprises appears to be navigating a challenging period, balancing irregular import activity with the pressures of a small business.

Registered in England/Wales under the registration number 04056444, with a registered address at CR0 1TX, England, Croydon, Surrey, 94 Drummond Road.

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