Good Time Gifts Limited

Good Time Gifts Ltd from Sheffield UK: small company, active status, founded 11 years ago, 1 employee, £7,473 assets, real address, 2 directors, 1 owner. It’s a small, family-run business with a real registered address in Sheffield, South Yorkshire, and has been operating for over a decade. Founded in 2013, the company employs just one person and is overseen by two directors, with Mirfin Simon Mark listed as the sole owner. The business operates in the retail sale via mail order houses or via internet industries, and its previous name was Tee Total Gifts Limited.

The company's website, while not actively showcased, suggests an e-commerce focus, with a potential online store selling gifts. However, without a live website to examine, it's difficult to ascertain the specifics of its product range or target audience. The company’s address is shared with two other businesses, suggesting a small business park or shared workspace.

Financially, Good Time Gifts Ltd presents a mixed picture. Current assets have declined significantly, dropping 34% to £7,500. Bank borrowings have also decreased, falling 11% to £76,000, which could indicate better cash flow management. However, net assets have increased by 8.1% to £130,000. Debtor values have also fallen by 61%, which could be a sign of slower payments. Despite these changes, 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 it to remain nimble. The lack of an auditor mentioned (likely exempt as a small company) means the figures are unaudited.

Overall, Good Time Gifts Ltd appears to be navigating a challenging economic climate. While the business has experienced a decrease in assets, it seems to be managing its debts effectively. The company's future success will likely depend on its ability to adapt to changing consumer trends and maintain a strong online presence.

Registered in England/Wales under the registration number 08710328, with a registered address at S4 7UD, England, Sheffield, South Yorkshire, The Wedge, Albion Works, Savile Street.

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