Express Sourcing Limited

Express Sourcing Limited, based in Preston, UK, is a small, active company founded nine years ago in 2015. It’s a solo founder operation with one director and employee, holding assets of £1,116,216 and operating from a real address. The company regularly imports furniture, lighting, and prefabricated buildings – a total of 86 months of import activity, with the last recorded in June 2022. It’s a private limited company registered in England/Wales with a director, Stefan Walmsley, at the helm.

The company's website, Express Sourcing pvt Ltd, suggests a focus on sourcing and supplying goods, although the exact nature of its retail operations isn’t entirely clear. It operates within the non-specialised wholesale trade industries, a broad category that could encompass a variety of activities.

Financially, Express Sourcing Limited presents a mixed picture. Current assets have increased by 48% to £1,100,000, while net assets have also grown by 41% to £830,000. Cash bank on hand has seen a significant boost, increasing by 160% to £55,000. However, creditors have also risen considerably, up 66% to £290,000. Trade debtors have increased by 44% to £1,100,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the rise in creditors should be monitored. The accounts are audit exempt and unaudited.

The company’s financial data shows a trend of growth, but also increased liabilities. The substantial increase in debtors suggests the company is extending credit to customers, which could be a strategy to boost sales, but also carries a risk of non-payment. It’s a fairly standard situation for a company in its tenth year, but keeping a close eye on cash flow will be important.

Registered in England/Wales under the registration number 09800132, with a registered address at PR5 0JD, Preston, Lancashire, Brook House Farm Hoghton Lane, Hoghton.

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