Funky Products Ltd

Funky Products Ltd from Berwick Upon Tweed UK is a small holding company with an active status, established thirteen years ago in 2011. The company employs just one person and holds £82,446 in assets. It operates from a virtual address, registered at a business park shared by sixty-two other companies, and is led by one director and one owner. A key feature is its e-commerce site, which enjoys a stellar 5.0 Google rating based on thirty-eight reviews. The company regularly imports toys, games, and sports equipment, with its last import operation recorded eight months ago in April 2022.

Funky Concepts, the company's website, positions itself as a leading supplier of promotional merchandise, branded clothing, and corporate business gifts. It caters to a wide range of clients, from blue-chip companies to local charities, offering a vast selection of products—everything from pens and mugs to clothing and conference materials. The website is well-designed and user-friendly, showcasing a comprehensive catalogue and emphasizing competitive pricing and fast customer support. It even has a section dedicated to eco-friendly promotional items, reflecting a growing awareness of sustainability.

Financially, Funky Products Ltd’s report paints a mixed picture. Current assets have decreased by 21% to £82,000, while net assets have plummeted 11,000%, resulting in a negative balance of -£21,000. Cash reserves have also fallen by 26% to £8,300. However, trade creditors have decreased by 58%, suggesting improved debt management. The company’s small size (meeting two of three criteria for a small company) allows for agility, but the significant equity drop raises concerns. Bank borrowings increased, and the company’s creditors are high. The report is unaudited, as the company is exempt from an audit.

The company's financial situation suggests it's burning through money. It's likely facing challenges in converting sales into profits, and the reliance on credit could become unsustainable. However, its strong Google rating and well-established e-commerce presence indicate a loyal customer base and a solid foundation for future growth—if it can manage its finances effectively.

Registered in England/Wales under the registration number 07679895, with a registered address at TD15 1TB, England, Berwick Upon Tweed, Northumberland, Halidon House 17d Windmill Way West, Ramparts Business Park.

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