Gifts Online 4 U Ltd

Gifts Online 4 U Ltd, based in Spalding, UK, is a small, active company established eleven years ago in 2013. Employing ten people, the business holds £98,089 in assets and operates from a virtual address shared by twenty-nine other companies – a little unusual. With one director and two owners, it runs an e-commerce site specializing in clocks, watches, and their parts, regularly importing these items over the past thirty-three months, with the latest import occurring in November 2023. The company’s activities also include manufacturing and retail, operating within the broader categories of other manufacturing and retail sales.

The company’s website, while not directly linked to the report, suggests a focus on online sales of gifts and related items. The e-commerce presence is key to its operations.

Financially, Gifts Online 4 U Ltd presents a mixed picture. Current assets have decreased by 9.2% to £98,000, while net assets have fallen 12% to £120,000. Bank borrowings have decreased by 23%, a positive sign, but cash reserves have also declined by 13% to £14,000. Creditors have also decreased significantly, by 23%, which could indicate improved debt management. The company’s small size – meeting two of three criteria for a small company – helps it maintain agility. The significant depreciation in equity, however, raises some concerns about the company's long-term financial health. With no auditor mentioned, the financial statements are unaudited.

The decrease in the number of employees, from ten to seven, is also notable, and could be a reflection of cost-cutting measures. It's possible that the company is navigating a challenging market or adjusting its business model.

Registered in England/Wales under the registration number 08755135, with a registered address at PE11 2AF, United Kingdom, Spalding, Lincs, Unit 11 Broadgate House, Westlode Street.

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