Giftinc Limited

Giftinc Limited, based in Langport, UK, is a small, family-run business with an active status. Founded six years ago in 2018, it employs just two people and holds £11,426 in assets. The company operates from a real address and is overseen by three directors and two owners. It’s a tight-knit operation, with a focus on retail sales via stalls and markets, mail order, and the internet.

The company's website details a business specializing in retail sales through various channels, showcasing a diverse range of products. It's a small company, meeting two of three conditions for classification: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The business seems to be operating primarily online, with a focus on reaching customers through multiple platforms.

Financially, Giftinc Limited presents a mixed picture. Accrued liabilities decreased by 50%, which is good, but cash bank on hand fell by a significant 56% to just £430. Borrowings increased, and net assets decreased by 17% to -£14,000, indicating a potential strain on equity. Trade creditors also rose by 3.6%. While the company’s small size allows for agility, the decline in equity and cash reserves are concerning. There’s no mention of an auditor, which is common for small, exempt companies. The accounts are described as "filleted," which means they are simplified and less detailed.

Overall, Giftinc Limited appears to be facing some financial challenges, though it's likely a typical situation for a small business. The family ownership and diverse sales channels suggest resilience, but careful management will be needed to navigate these pressures.

Registered in England/Wales under the registration number 11546011, with a registered address at TA10 9TH, United Kingdom, Langport, Somerset, 100 Brookland Road.

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