Fac1968 Ltd

Fac1968 Ltd from Nottingham UK: a small, active company founded six years ago, employs just one person, and holds £14,358 in assets. It’s a solo founder operation with two directors, a real address, and a stellar 5.0 Google rating based on 15 reviews. The company operates in the retail sale via mail order houses or via internet, and the other retail sale in non-specialised stores.

The company’s website, Fac1968, is essentially a curated marketplace listing a wide range of products available on eBay. Categories include electronics, cars, fashion, and collectibles – a diverse selection catering to various interests. The site’s design is standard eBay fare, with a focus on product listings and search functionality. It’s clear that Fac1968 Ltd isn’t building its own e-commerce platform but leveraging eBay’s established infrastructure to reach a broad audience. The site also features promotional banners highlighting deals and discounts, encouraging visitors to browse and purchase.

Financially, Fac1968 Ltd presents a mixed picture. While it meets the criteria for a small company (turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees), its financial health appears to be deteriorating. Net assets have fallen dramatically, dropping 60% to just £9,700. Cash bank on hand has also seen a significant decrease, plummeting 54% to £14,000. Bank borrowings have increased, and interim dividends of £22,000 were paid out, which could be a sign of a company trying to maintain appearances. Creditors have also decreased slightly, suggesting some improvements in debt management. The company’s small size helps it remain flexible, but the sharp decline in equity raises concerns. With no auditor mentioned, the figures rely on unaudited statements.

Overall, Fac1968 Ltd seems to be navigating a challenging period. While its eBay presence indicates continued activity, the financial data suggests a company struggling to maintain profitability. It's a small operation with a good reputation, but it needs to address its declining equity to ensure long-term sustainability.

Registered in England/Wales under the registration number 11640490, with a registered address at NG1 6FG, England, Nottingham, 5-7 St. James's Street.

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