Flathead Emporium Ltd

Flathead Emporium Ltd, based in Wimborne, UK, is a small, active company founded nine years ago. With five employees and £54,011 in assets, it operates from a virtual address – a detail flagged by the presence of 55 other companies registered at the same location. The business is a family affair, managed by two directors and two owners, and regularly imports vehicles, parts, and accessories (excluding trains and trams), with 38 months of import activity recorded, the latest in October 5th, 2024.

The company’s primary focus is the maintenance and repair of motor vehicles, and it operates an e-commerce website, though details are scarce. It's unclear how much revenue the company generates, but it’s a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, employees less than 50.

A closer look at the company’s financial data reveals a mixed picture. While cash bank on hand decreased by 8% to £23,000, current assets increased by 15% to £54,000. However, net assets have plummeted 35% to -£37,000, and bank borrowings have increased significantly. Creditors also decreased by 19%, suggesting better debt management. It’s worth noting that trade debtors have ballooned by 44%, which could indicate delayed customer payments or an expansion of credit terms. The company’s equity has also taken a hit, decreasing by 35%, and the company's net current assets liabilities have also decreased by 49%.

The company is exempt from an audit as a small company, so the figures are unaudited. The company's owners are Turnbull Jeremy James and Turnbull Julie. The directors are also Turnbull Julie and Turnbull Jeremy James. Overall, Flathead Emporium Ltd appears to be navigating a period of financial strain, though its focus on a niche market and its family-run structure could help it weather the storm.

Registered in England/Wales under the registration number 09952270, with a registered address at BH21 1RJ, England, Wimborne, Dorset, Brooke House, Oakley Hill.

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