Footwork Limited

Footwork Ltd from Colne UK: a small company with an active status, was founded 20 years ago. It employs just one person and holds £135,285 in assets. Operating from a virtual address, the company has no directors but is owned by Ashworth Simon James Michael. Footwork Ltd regularly imports footwear and related items, with 48 months of import activity recorded, though the last operation was in 2019.

The company operates in the wholesale of clothing and footwear industries, and its website is not available. It’s classified as a small company, meeting two of three criteria: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees.

Looking at the financial data, Footwork Ltd has seen some significant shifts. Cash reserves have fallen dramatically, dropping 81% to just £5,600. Current assets are down 37% to £140,000, and net assets have plummeted 54% to -£160,000. Bank borrowings have also decreased slightly, and trade debtors have fallen significantly. It's worth noting that creditors have also decreased, suggesting better debt management. The company is exempt from an audit, so the numbers are unaudited.

These trends suggest Footwork Ltd may be facing financial pressures, perhaps due to reduced sales or increased costs. However, the company's small size and focus on a specific niche—importing footwear—could allow it to adapt and remain competitive. The lack of directors and just one employee points to a lean operation, but it also means the business relies heavily on the owner's expertise and effort.

Registered in England/Wales under the registration number 05439085, with a registered address at BB8 9DG, United Kingdom, Colne, Lancashire, 1 Bond Street.

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