Kelly Supply Solutions Limited

Kelly Supply Solutions Ltd, based in Wembley, UK, is a small, active company founded fifteen years ago in 2009. With twenty-one employees and £4,568,973 in assets, it operates from a virtual address – thirteen other companies are registered at the same location – and is led by three directors and three owners. The company runs an e-commerce site and regularly imports machinery, boilers, and mechanical appliances, parts, with nineteen months of import activity recorded, the latest in August 2024. It operates in the agents involved in the sale of timber and building materials industries.

While the company's website isn’t particularly detailed, it showcases a range of timber and building materials, suggesting a B2B focus. The e-commerce site likely serves as a portal for existing clients or a means to generate new leads. The virtual address raises questions about its physical operations, but it’s a common practice for smaller businesses.

Financially, Kelly Supply Solutions Ltd presents a mixed picture. Current assets increased by 7.5% to £4,600,000, while net assets decreased by 16% to £230,000. Bank borrowings decreased by 36%, suggesting better debt management. Trade debtors decreased by 36% as well, which is a good sign. Cash reserves fell 660%, which is a large decrease. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain agile, but the equity drop and cash decrease are concerning. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

Overall, Kelly Supply Solutions Ltd seems to be facing some financial pressures. The decrease in cash reserves and equity suggests it might be burning through money, although the increase in current assets and decrease in debt is encouraging. Management issues aren't apparent from the available data, but the virtual address and fluctuating financials warrant closer scrutiny.

Registered in England/Wales under the registration number 06983758, with a registered address at HA9 0LH, Wembley, Middlesex, Kelly House, Fourth Way.

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