Frankcas Ltd

Frankcas Ltd from Coventry UK: a small, active company founded three years ago, employs one person, and holds £15,754 in assets. It's a solo founder operation with a single director and owner, Vlcek Frantisek. The company has a real address and is an irregular importer, primarily dealing in electrical machinery and equipment, with just one month of import activity recorded as of September 2023. It operates within the manufacture of electric lighting equipment and other engineering activities.

The company's website is currently unavailable, making it difficult to assess its online presence or e-commerce activities. Without a website, it's likely Frankcas Ltd relies on offline sales or business-to-business channels.

Financially, Frankcas Ltd presents a mixed picture. Current assets have increased by 20% to £16,000, while cash reserves have doubled to £12,000—a positive sign. However, bank borrowings have surged by 100% to £29,000, and debtors have decreased by 55% to £3,300, suggesting potential payment issues. Creditors have also increased by 30% to £9,500. The company’s net assets have risen by 6.9% to £6,200. As a small company (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees), it’s exempt from an audit, and the financial statements are unaudited.

The increase in bank borrowings, combined with the decrease in debtors, could indicate that Frankcas Ltd is relying on external financing to cover its operational costs. The growth in creditors suggests that the company is managing its short-term liabilities, but the decrease in debtors might signal challenges in collecting payments from customers. The company’s solo founder status and single employee suggest a lean operation, but the financial pressures could be impacting its sustainability.

Registered in England/Wales under the registration number 14075032, with a registered address at CV6 4HB, United Kingdom, Coventry, West Midlands, 20 Nunts Lane.

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