Fone Care Manchester Ltd

Fone Care Manchester Ltd, based in Manchester, UK, is a small, active company founded three years ago in March 2022. With five employees and £67,046 in assets, it’s a solo-founded operation managed by a single director and owner. The business operates in the retail sale via stalls and markets of other goods, and it’s a regular importer of electrical machinery and equipment, with nine months of import activity recorded, the last in October 2023.

The company’s website, built with Vite React, suggests a modern, potentially e-commerce focused operation. While a full analysis of the site isn’t possible without deeper investigation, the technology stack hints at a digitally savvy approach. It’s unclear if the site is fully functional or primarily used for marketing, but the use of modern tools is a positive sign.

Financially, Fone Care Manchester Ltd presents a mixed picture. Current assets have increased dramatically, jumping 730% to £67,000, while net assets also increased significantly, rising 83% to £5,700. However, creditors have also risen, increasing 32% to £66,000 within the last year. Cash reserves are up 98% to £10,000, which is a good sign. Trade debtors have also increased, though, and the company's net current assets liabilities are up 1800% to £60,000. The company's small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile, but the increase in creditors raises questions about cash flow management. With no auditor mentioned (likely exempt as a small company), the unaudited figures rely on director-reported data.

In short, Fone Care Manchester Ltd is showing growth, but it's also facing challenges. The company seems to be burning through money, with a large increase in creditors, but it’s also holding more cash than it did last year. It’s unclear if this is a temporary situation or a longer-term trend, but the company’s growth in assets and cash reserves suggests it’s at least attempting to scale its operations.

Registered in England/Wales under the registration number 13968082, with a registered address at M8 8FQ, England, Manchester, 32 Moulton Street.

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