Goodswagon Ltd

Goodswagon Ltd, based in Leicester, UK, is a small, active company founded 10 years ago. It employs seven people and holds £25,195 in assets, operating an e-commerce site specializing in office supplies and more. With a real address and a single director and owner, the business has been trading since 2003, initially focusing on clearance deals of business and household products. The company's website, GoodsWagon, offers a wide range of products, from stationery and clothing to health and safety equipment, catering to both commercial and individual customers. It also operates several eBay shops, showcasing clearance lines and specialized offerings.

The website highlights a diverse inventory, including paper products, filing supplies, ink cartridges, and even school education materials. It emphasizes economic prices, speedy delivery, and a trusted seller reputation, backed by over 1,500 positive eBay reviews. The site also features a warehouse location in Leicester, offering opportunities for local customers to collect orders with further discounts. GoodsWagon also sells on eBay under various names, including BidJust4Me and Storm97ab.

However, a review of the company’s finances paints a concerning picture. Current assets have plummeted by a staggering 75%, dropping to just £25,000. Equity has also taken a massive hit, falling from £5,600 to a negative £55,000, indicating accumulated losses. Cash reserves have shrunk by 90%, leaving only £200 in the bank. Creditors have decreased slightly, but bank borrowings have increased. The company's small size—meeting two of three criteria for a small company—helps it stay flexible, but the significant decline in equity suggests financial strain. As a small company, it is exempt from an audit, so the figures are unaudited.

In short, while Goodswagon Ltd maintains a visible online presence and a reputation for good customer service, its financial health is a cause for concern. The company's ability to continue trading successfully will depend on its ability to address these challenges and find ways to improve its profitability.

Registered in England/Wales under the registration number 09423081, with a registered address at LE1 4BQ, England, Leicester, 52 Sanvey Gate.

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