Kirn Distribution Ltd

Kirn Distribution Ltd from Glasgow UK: small company, active status, founded 10 years ago, 3 employees, £69,564 assets, real address, 1 director, 1 owner. It operates in the retail sale via mail order houses or via internet industries. While small, it's a long-standing business with a clear focus on online retail.

The company’s website, while not directly linked to Kirn Distribution, points to a broader operation. It’s a private limited company registered in Scotland, with a real address at 32 Abercorn Avenue, Hillington Park. The address is probably real as only two companies registered at the same address. It’s been running for a decade, and the list of directors was changed ten years ago.

Financially, Kirn Distribution Ltd is showing some concerning trends. Current assets have plummeted by a staggering 87%, dropping to just £70,000. Equity has also taken a significant hit, falling by 1900% to -£700,000. Bank borrowings, however, have decreased by 23%, suggesting some improvement in debt management. Cash reserves are up 150% to £47,000, which is a positive sign. 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 stay nimble, but the sharp decline in equity is a worry. There’s no mention of an auditor, which is typical for small companies.

Overall, Kirn Distribution Ltd seems to be facing some financial headwinds. It’s a small, established business, but the significant losses and declining assets suggest it’s burning through money. Whether it can recover remains to be seen, but the company’s focus on online retail and its real address are encouraging signs.

Registered in Scotland under the registration number SC484047, with a registered address at G52 4JL, Scotland, Glasgow, 32 Abercorn Avenue, Hillington Park.

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