Excel Trading Services Limited

Excel Trading Services Limited, based in Wembley, UK, is a small, active company founded nine years ago in 2015. It employs four people and holds £94,198 in assets, operating from a real address in the Hallmark Trading Estate. With two directors and one owner, Shah Jigarkumar Jaypraksh, the company is an irregular importer of plastics and plastic products, with just one month of import activity recorded back in 2019. The business engages in wholesale of household goods and retail via mail order houses or via internet.

The company’s website, while not fully developed, suggests a focus on general merchandise—a broad range of products available for online purchase. It’s unclear if the website is fully operational or simply a placeholder, but it does hint at a desire to expand its online presence.

Financially, Excel Trading Services Limited is showing some concerning trends. Current assets have plummeted by 79% to £94,000, while net assets have fallen a staggering 200% to -£86,000. Bank borrowings have surged 22,000% to £160,000, and cash reserves have dropped 95% to a mere £14,000. Creditors have also decreased by 34%, suggesting some improvements in managing debt. The company’s small size (meeting two of three conditions for a small company) allows for agility, but the dramatic equity decline raises serious questions about its long-term viability. Total inventories, however, have increased by 350% to £80,000, which could be a sign of stocking up for future sales. The accounts are unaudited and prepared in accordance with FRS 102 Section 1A.

These figures indicate that Excel Trading Services Limited is struggling financially, possibly burning through cash at an alarming rate. While the company’s directors, Shah Jigarkumar Jayprakash and Shah Hiral, may be working hard to turn things around, the current trajectory is worrying. The lack of a clear online presence and the negative equity suggest that the business may need to adapt its strategy to survive.

Registered in England/Wales under the registration number 09568202, with a registered address at HA9 0LB, England, Wembley, Unit 35 Hall Mark Trading Centre, Fourth Way.

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