Jubilee Products Ltd

Jubilee Products Ltd from Chichester UK is a small, active company founded six years ago. With just two employees and £175,783 in assets, it operates from a virtual address – a detail flagged by the registration of fifty-two companies at the same location. The company is led by a single director and owner, Grimes Matthew David, who also acts as the solo founder.

The business specializes in retail sales via mail order houses or via the internet, a sector that’s becoming increasingly competitive. While a website isn’s available to examine, this suggests a focus on online or catalog-based sales rather than a physical storefront. The company’s small size – meeting two of three criteria for a small business (turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) – allows for agility but also presents challenges in scaling.

Financially, Jubilee Products Ltd’s numbers show a mixed picture. Accumulated depreciation on plant and machinery increased by 50%, while depreciation on vehicles rose 18%. Cash in the bank decreased by 5.4% to £170,000, and net assets also declined by 4.5% to £150,000. Creditors decreased by 10%, which is a positive sign, and cash bank on hand decreased, but not drastically. However, the company’s tax payable increased by 36%. The company's property, plant, and equipment gross cost increased by 5.2%, which could indicate investment in the business.

The lack of an auditor mentioned suggests the company is exempt from an audit due to its size. The unaudited nature of the financial statements means the figures rely on director-reported data. It’s possible that the company is experiencing typical startup turbulence, or perhaps it’s facing challenges in maintaining profitability within a competitive online retail landscape.

Registered in England/Wales under the registration number 11812476, with a registered address at PO20 8PS, United Kingdom, Chichester, West Sussex, Demar House 14 Church Road, East Wittering.

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