Jomoval Ltd

Jomoval Ltd from Bagshot UK is a small, family business with an active status, founded fourteen years ago. Employing five people and holding £129,500 in assets, it operates from a virtual address—a detail worth noting as twenty-two companies share the same location. Two directors and two owners manage the business, which runs an e-commerce site and regularly imports and exports leather goods, travel bags, and animal harnesses.

The company’s website showcases a trade-only platform distributing products from three brands: Wildkin (bags and lunchboxes), Stephen Joseph (lunchboxes and backpacks), and RoomMates (wall stickers). Jomoval Ltd acts as the exclusive UK and ROI distributor for these brands, offering a diverse range of products from backpacks to tableware. It’s a neat operation, really.

Financially, Jomoval Ltd’s recent performance presents a mixed picture. Current assets have decreased by 27%, falling to £130,000, while net assets have also declined by 9%, now standing at £150,000. Bank borrowings have been reduced by 1.7%, to £5,400, and cash reserves have dropped by 34%, to £18,000. Creditors have decreased by 28%, to £75,000, which is a positive sign. The company meets the criteria for a small business—turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees—and benefits from being exempt from an audit. It’s a shame there’s no mention of an auditor.

The decrease in assets and cash reserves is a little concerning, and the increase in debt, while small, needs monitoring. However, the reduction in creditors suggests better management of short-term liabilities. Overall, Jomoval Ltd seems to be navigating a challenging environment, but its focus on niche distribution and established brands could provide a solid foundation for future growth.

Registered in England/Wales under the registration number 07606493, with a registered address at GU19 5AF, England, Bagshot, 23 High Street.

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