Factory2u.co.uk Limited

Factory2u Uk Co Ltd, based in Birmingham, UK, is a small, active company established 20 years ago. With five employees and £717,041 in assets, it operates as an e-commerce site selling bedding, towels, and curtains. It has a real address and is managed by three directors, with Latif Ilyas as the sole owner. Its Google rating sits at 3.0 based on five reviews.

The company's website showcases a wide range of products, including fitted sheets, pillows, towels, blackout curtains, and luggage, offering free standard UK delivery on orders over £50 and a next-day delivery option. It’s a retail business operating through mail order and internet sales, with a strong focus on quality and competitive pricing.

Financially, Factory2u Uk Co Ltd presents a mixed picture. Current assets have decreased by 7.6% to £720,000, while net assets have fallen by 2.7% to £440,000. Cash bank on hand has dropped by 22% to £210,000, and bank borrowings have increased by 90% to £130,000. Creditors have decreased by 34% to £78,000, and trade debtors remain steady at £420,000. The company’s small size – meeting two of three conditions for a small company – allows for flexibility, but the decline in equity raises questions about its financial health. As a small company, it is exempt from an audit, and the financial statements are unaudited.

The surge in director's advance and credit, coupled with the drop in cash reserves, suggests the company may be burning through money. It’s possible this is a strategic investment in inventory or marketing to drive sales, but it’s something to keep an eye on.

Registered in England/Wales under the registration number 05157019, with a registered address at B5 5TH, England, Birmingham, Factory2u.Co.Uk Ltd Allison Street, Digbeth.

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