Flip Supply Ltd

Flip Supply Ltd, based in Reading, UK, is a small, active e-commerce business founded three years ago. With a single employee and £194,914 in assets, it’s a lean operation led by a solo founder who also serves as director and owner. The company’s Google rating of 5.0 from 77 reviews speaks volumes about its customer service.

Flip Supply operates as a UK-based online sneaker store, offering a wide selection of brands like Nike, Adidas, Yeezy, and New Balance. The website features a clean design, easy navigation, and a focus on popular styles. It even offers a "Sourcing Request" service for customers seeking specific sneakers. They also have a physical store in Edinburgh.

Financially, Flip Supply Ltd has experienced some shifts. Cash bank on hand has fallen significantly, dropping 97% to just £920. Trade debtors have surged by a staggering 10,000%, reaching £42,000—a sign that customers are taking longer to pay. Conversely, creditors have increased by 100%, hitting £190,000, suggesting a greater reliance on borrowing or supplier credit. Net assets have grown by 61%, reaching £42,000, but net current assets have fallen by 73%, dropping to £6,700. Depreciation charges have increased, with a notable rise in property, plant, and equipment. 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 increase in debt warrants close monitoring. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited director reports.

Overall, Flip Supply Ltd appears to be a well-regarded online retailer facing typical challenges of growth and managing cash flow. Its strong Google rating suggests a loyal customer base, but the financial data indicates a need to carefully manage its debts and working capital.

Registered in England/Wales under the registration number 13846359, with a registered address at RG1 8EQ, United Kingdom, Reading, Berkshire, 3 Richfield Place, 12 Richfield Avenue.

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