Franklins Retail Limited

Franklin’s Retail Ltd, based in Belfast, UK, is a small, active company founded four years ago. It boasts £919,841 in assets, a real address, five directors, and a single owner. The company operates an e-commerce site and is engaged in the retail sale via mail order houses or via internet, and other retail sale not in stores, stalls or markets.

The business is small, meeting two of the three conditions: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. It’s a tight-knit operation with a single director and owner, Nicole Doherty, alongside Judith Mcilroy, Jacqueline Tully, Catriona Mcglennon, and Emma Mcilroy-hearst. The company’s website showcases a wide range of beauty and hair products, from salon supplies to individual cosmetics items, catering to both professionals and consumers. It’s clearly a busy site, with categories for hair, beauty, nails, and accessories, and even a section dedicated to barbering supplies.

Financially, Franklin’s Retail Ltd has seen some significant shifts. Cash reserves have plummeted 250% to £180,000, while creditors have surged an astonishing 2,500% to £910,000. This suggests a need to manage debts more effectively. Net assets have also decreased by 20% to £13,000. However, trade debtors have increased by 16,000% to £830, which could indicate a period of growth and increased sales, although it also poses a risk of uncollected payments. The company’s small size allows it to remain agile, but the sharp decline in equity raises questions about its long-term stability. The accounts are unaudited and exempt, relying on director-reported data.

Despite the financial challenges, Franklin’s Retail Ltd appears to be a vibrant e-commerce business with a diverse product range and a strong online presence. It’s a small company with a lot going on, and its future success will depend on its ability to manage its finances and capitalize on the growing demand for beauty and hair products.

Registered in Northern Ireland under the registration number NI674910, with a registered address at BT15 3HN, United Kingdom, Belfast, Co. Antrim, Block 4 Jennymount Business Park, North Darby Street.

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