K.j. Wren Limited

K.j. Wren Ltd from Bristol UK is a small, active company founded 35 years ago. With just two employees and £32,359 in assets, it’s a modest operation managed by three directors and one owner, Knowles Jamie. The company has a real address and is an irregular importer, having imported ceramic products for just two months, with the last import operation occurring in July 2022.

The company operates in the floor and wall covering industries, and its website, while not fully developed, suggests a focus on tiling and related services. It's likely a small-scale operation, catering to local customers. There’s no indication of a large e-commerce presence or online sales platform.

Financially, K.j. Wren Ltd’s recent performance paints a concerning picture. Current assets have plummeted by 40% to £32,000, while net assets have dropped significantly to -£3,200. Bank borrowings have increased by 21%, reaching £17,000, and cash reserves have fallen by 86%, leaving just £7,000. Trade debtors have increased dramatically by 540%, suggesting difficulties in collecting payments. Despite these challenges, creditors have decreased by 43%, which could be a positive sign of improved debt management. The company meets two of the three criteria to be considered small, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. As a small company, it is exempt from an audit, so the financial data is unaudited.

The sharp decline in equity and cash reserves raises questions about the company's financial health. While the decrease in creditors is a positive, the increase in debtors and the negative equity suggest the company is burning through money. It’s possible that the irregular import activity has impacted cash flow, or that the company is facing increased competition. The lack of employees, with a reported decrease from two to one, could indicate a lean operation struggling to maintain its workload.

Registered in England/Wales under the registration number 02467163, with a registered address at BS36 2PD, England, Bristol, 26 The Causeway, Coalpit Heath.

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