Letterbox Gifts Ltd.

Letterbox Gifts Ltd from Sheffield UK is a small, active company founded nine years ago. With seven employees and £87,572 in assets, it operates an e-commerce site selling curated gift sets delivered straight through the letterbox. The company has two directors and two owners, and its registered address is a real one. It's a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, and employees less than 50.

The company’s website, letterboxgifts.co.uk, showcases a wide range of hand-wrapped gifts perfect for birthdays, anniversaries, and other special occasions. They offer everything from pampering gift sets and letterbox gin to personalized birthday gifts and corporate options. The site emphasizes convenience, with next-day delivery and a focus on beautifully presented gifts that bring a smile to the recipient's face. They even offer subscriptions for recurring gifts, catering to those who love to spread joy regularly.

Financially, Letterbox Gifts Ltd shows a mixed picture. Current assets have decreased by 24% to £88,000, while net assets have also fallen by 23% to £60,000. Cash reserves have taken a significant hit, dropping 49% to £23,000. However, trade debtors have increased by 27% to £30,000, suggesting potentially improved sales. Creditors have also decreased by 25% to £32,000, which could indicate better management of short-term liabilities. The company’s bank borrowings have also decreased, which is a positive sign. The unaudited accounts, as is typical for small companies, rely on director-reported data.

While the company seems to be operating, the decline in cash reserves and net assets is something to watch. The focus on a niche market—convenient, letterbox-friendly gifts—and a strong online presence could help it navigate these challenges, but it's clear that Letterbox Gifts Ltd is working to maintain its financial footing.

Registered in England/Wales under the registration number 09755876, with a registered address at S11 8YH, United Kingdom, Sheffield, Studio 1 Valentine Workshops, Bagshot Street.

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