Kingsway Clc Trust

Kingsway Clc Trust from Sandycroft UK is a large, active company founded 52 years ago. Employing 49 people and holding £2,423,401 in assets, it operates from a real address and is overseen by nine directors, though it curiously has no registered owners. The company regularly imports printed materials like books, newspapers, and pictures (for 45 months) and exports electrical machinery and equipment (for 18 months).

The business is primarily involved in wholesale of audio tapes, records, CDs and video tapes, alongside non-specialised wholesale trade and retail sales via mail order and internet. It also operates in the education sector. While it has a showroom in Harrods, London, it’s unclear how closely the two businesses are linked.

Financially, Kingsway Clc Trust shows some concerning trends. While turnover increased to £6,908,901, net assets plummeted 73% to just £16,000. Bank borrowings surged by 2,400%, reaching £29,000, and cash reserves fell 30% to £28,000. Creditors decreased by 18%, suggesting better debt management. The company is classified as large, meeting two of three criteria: turnover more than £36 million, balance sheet more than £18 million, and employees more than 250. The lack of an auditor mentioned (likely exempt as a small company) means the figures rely on unaudited statements.

The company's activities are supported by a print on demand facility and relationships with four additional Christian publishers. The trustees are committed to the further development of this ministry, and to ensuring and maintaining the financial stability of the organisation.

Registered in England/Wales under the registration number 01093879, with a registered address at CH5 2QP, United Kingdom, Sandycroft, Deeside, Unit 5 Glendale Avenue, Sandycroft Industrial Estate.

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