Fundraising Support Ltd

Fundraising Support Ltd, based in Manchester, UK, is a small, active company founded 14 years ago. With 14 employees and £634,096 in assets, it operates from a real address and is managed by two directors and owners. The company irregularly imports plastics and plastic products (just one month of imports recorded in 2021) but regularly exports ceramic products (three months of exports, most recently in 2023). It functions as agents involved in the sale of textiles, clothing, fur, footwear and leather goods.

The company’s website reveals a dual focus. While primarily engaged in the collection and wholesale of second-hand clothing, footwear, and home textiles – giving these items a second life and supporting charity partners – Fundraising Support Ltd also runs a recycling bank initiative and has a commercial participator agreement with Leukaemia Myeloma Research UK. The website highlights the company’s commitment to sustainability and charitable giving, showcasing its efforts to divert waste from landfills and generate funds for medical research.

Financially, Fundraising Support Ltd’s recent performance presents a mixed picture. Current assets have increased by 15% to £630,000, but net assets have declined by 16% to £420,000. Bank borrowings have decreased by 31%, which is a positive sign, but cash reserves have fallen by 44% to £41,000. Creditors have increased significantly, rising by 170% to £92,000, suggesting potential cash flow pressures. 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 agility, but the drop in equity warrants attention. The accounts are unaudited, a common practice for small companies, and no auditor is mentioned.

Overall, Fundraising Support Ltd appears to be navigating a period of change. Its dual focus on textile wholesale and charitable giving, combined with its small size and fluctuating financials, suggests a company that’s working hard to balance its commercial and social missions.

Registered in England/Wales under the registration number 07517685, with a registered address at M40 9LY, Manchester, Unit 1 Tulketh Industrial Estate, Kenyon Lane.

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