J-supplied Ltd

J-Supplied Ltd, based in Plymouth, UK, is a small, active company founded six years ago. Despite its status, the business is currently overdue on both its accounts and confirmation statements—a concerning sign. The company holds £63,452 in assets, operates from a virtual address (shared with 370 other companies), and is managed by a single director and owner, who also acts as the solo founder. It runs an e-commerce site and regularly imports machinery, boilers, and mechanical appliances, with the last import activity recorded three months ago.

The company’s website, J P Supplies UK LTD, is a wholesale fabric supplier offering a vast array of textiles, from cotton to velvet, catering to various sectors including curtain making, education, and upholstery. It also has a secondary venture: 1066 Pianos, a high-end piano restoration business. The website highlights a commitment to competitive pricing, fast shipping, and a wide selection of products.

Financially, J-Supplied Ltd’s numbers paint a mixed picture. Current assets have increased significantly, rising by 190% to £63,000, while bank borrowings have surged by a staggering 2,400% to £50,000. Net losses deepened to -£10,000, and cash reserves have fallen 65% to £27,000. Creditors have also increased by 36%, reaching £39,000. 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. No auditor is mentioned, meaning the figures are unaudited.

The increase in bank borrowings and the decline in cash reserves, despite a rise in assets, suggest the company is burning through money. While the wholesale fabric business appears active, the financial strain raises questions about its long-term sustainability.

Registered in England/Wales under the registration number 11399693, with a registered address at PL1 1SB, England, Plymouth, Suite 3 91 Mayflower Street.

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