Jazzco 1967 Ltd

Jazzco 1967 Ltd, based in Southend-On-Sea, UK, is a small, active company founded 22 years ago in 2002. With three employees and £538,578 in assets, it operates from a virtual address – twelve other companies registered at the same location – and is overseen by two directors and two owners. The company regularly imports rubber and rubber products, with its last import activity recorded five months ago in June 2018.

Jazzco 1967 Ltd operates in the non-specialised wholesale trade industries, and its website, while not currently active, suggests a focus on industrial supplies. The company is owned by Walia Jasminder Singh and Walia Jatinder Kaur, and Jasminder Walia serves as both director and sales representative.

Financially, Jazzco 1967 Ltd presents a mixed picture. While current assets increased by 31% to £540,000, net assets only rose slightly to £870. Bank borrowings increased by 2.4% to £40,000, and cash reserves saw a significant jump of 500% to £1,600. Creditors also increased by 15% to £370,000, suggesting a reliance on credit. The company meets the criteria for a small company, with turnover less than £10.2 million, assets under £5.1 million, and fewer than 50 employees. With no auditor mentioned, the financial statements are unaudited.

The significant increase in trade debtors (30%) could indicate a shift in payment terms or potentially delayed customer payments. The company’s reliance on credit, as evidenced by the increased creditors, may pose a risk if sales slow down. Overall, Jazzco 1967 Ltd appears to be navigating a period of growth, but careful management of its finances will be crucial for long-term stability.

Registered in England/Wales under the registration number 04622087, with a registered address at SS1 3RP, England, Southend-On-Sea, C/O Mcl Accountants, 29-31 Shoebury Road.

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