Ishop247 Ltd

iShop247 Ltd, based in Leominster, UK, is a small, active company established sixteen years ago. With sixteen employees and £912,774 in assets, it's a modest operation led by a solo founder, with two directors overseeing its activities. The company boasts a real address and has been regularly importing vehicles, parts, and accessories (not for trains or trams) for twenty-six months, with the last import occurring in January 2024. It also exports these items, though for a shorter period – six months, with the last export in November 2022.

The company’s website reveals a diverse range of online retail ventures. iShop247 Ltd operates as a leading supplier of caravan, motorhome, and outdoor leisure products, accessories, and fishing gear. It also runs Candle Depot, offering a selection of candles and home fragrances. The company emphasizes its commitment to five-star customer experiences and premium service, with a focus on family values and British craftsmanship. It’s a proud winner of the Morris Biss Memorial Cup for the Best Trade Stand Entry 2022 at the Great Dorset Steam Fair.

Financially, iShop247 Ltd presents a mixed picture. Current assets have decreased by 3.6% to £910,000, while net assets have increased by 14% to £290,000. Bank borrowings have significantly increased by 44,000, while cash reserves have fallen by a substantial 86% to £16,000. Creditors have also decreased by 10%, suggesting improved debt management. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The lack of an auditor is not surprising, given its size and exemption status.

The sharp decline in cash reserves is a point of concern, indicating that the company may be burning through its funds faster than it’s generating revenue. However, the increase in net assets suggests that the business is still profitable overall. It's possible that the company has invested heavily in inventory or marketing to support its growth, but the reduced cash position warrants close monitoring.

Registered in England/Wales under the registration number 06755040, with a registered address at HR6 0QF, England, Leominster, Benedict Court, Southern Avenue.

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