Fxbaits Ltd

Fxbaits Ltd is a small, active company based in East Grinstead, UK, founded three years ago. It's a solo venture, run by a single director and owner, Lawrence Mark Alan, and employs just one person. The company holds £7,570 in assets and operates from a real address, with only one other business registered at the same location. Its core business involves retail sales through mail order and online channels, specializing in fishing baits.

The company’s website, while minimal, showcases a range of fishing baits and tackle, suggesting a focus on the angling market. It’s a niche operation, and the online presence reflects a straightforward, no-frills approach to e-commerce. The company's focus is on the retail sale of fishing baits.

Financially, Fxbaits Ltd presents a mixed picture. Current assets decreased by 5.8% to £7,600, while net assets decreased by 25% to -£5,400. Trade debtors fell by 48%, which could indicate improved cash collection or reduced sales. However, accrued liabilities increased by 58%, which could be a cause for concern. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain flexible, but the negative equity suggests it’s burning through cash. With no auditor mentioned (likely exempt as a small company), the figures are unaudited.

The company’s financial statements are prepared in accordance with Financial Reporting Standard 102 Section 1A and the Companies Act 2006. It's clear that Fxbaits Ltd is navigating the challenges of a small, owner-operated business, and its future success will depend on its ability to manage its finances and maintain a loyal customer base.

Registered in England/Wales under the registration number 13765945, with a registered address at RH19 2DH, United Kingdom, East Grinstead, West Sussex, 43 Kennedy Avenue.

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