Festive Glories Ltd

Festive Glories Ltd from Chester UK: a small, active company established four years ago, employs two individuals, and holds £63,516 in assets. It’s led by one director and owner, and boasts a stellar 5.0 Google rating based on eight reviews. The company operates in the retail sale via mail order houses or via internet industries.

The business’s website reveals a focus on online retail, likely an e-commerce operation. While no detailed website analysis is available, the nature of the industry suggests a focus on online sales and potentially seasonal products.

Financially, Festive Glories Ltd presents a mixed picture. Current assets have decreased by 18% to £64,000, while net assets have fallen by a significant 63% to £1,700. Cash bank on hand has seen a dramatic 60% drop to £8,200, and bank borrowings have increased by 2,400% to £29,000. Creditors have also decreased by 52% to £67,000. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the sharp decline in equity and cash reserves is concerning. The lack of an auditor (likely exempt as a small company) means these figures are unaudited.

The company’s financial data suggests it may be struggling to maintain a healthy cash flow. While the decrease in creditors indicates improved debt management, the significant drop in cash reserves and the increase in bank borrowings suggest the business is burning through money. The lack of employees reported may indicate a lean operation, but it also raises questions about the company’s ability to scale. It’s likely that the business is facing challenges in generating sufficient revenue to cover its expenses, and it may need to take steps to improve its financial performance.

Registered in England/Wales under the registration number 13299746, with a registered address at CH1 3BQ, England, Chester, Suite 1 Queens House Annexe, Queens Road.

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