Essential Bargains Limited

Essential Bargains Ltd from Manchester UK: a small, active company founded eight years ago, employs nine people, and holds £685,198 in assets. It’s a real address with one director and one owner. The company is a regular importer of furniture, lighting, and prefabricated buildings, with 48 months of import activity recorded.

The company operates in the retail sale via mail order houses or via internet industries. Its website is currently unavailable, so it's difficult to assess its current online presence and sales channels.

Financially, Essential Bargains Ltd presents a mixed picture. Current assets have slightly increased to £690,000, while net assets have risen to £340,000. However, bank borrowings have decreased by 10% to £250,000, and cash reserves have fallen significantly by 80% to just £21,000. Creditors have also decreased by 10% to £250,000. The company’s size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows it to remain flexible. The increase in trade debtors by 20% to £630,000 could indicate a reliance on customer payments or perhaps an expansion of credit terms. With no auditor mentioned, the financial information is unaudited. The company’s net assets have increased, which is a positive sign, but the decline in cash reserves warrants further investigation.

Registered in England/Wales under the registration number 10674425, with a registered address at M17 1HQ, England, Manchester, Unit18 The Hives Mosley Road, Trafford Park.

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