Letterfest Ltd

Letterfest Ltd from Barnstaple UK is a small holding company with an active status, established thirteen years ago. The company employs eighteen people and holds assets valued at £956,691. It operates from a real address, is overseen by three directors and one owner, and runs an e-commerce site, earning a respectable Google rating of 4.0 based on twenty reviews.

Letterfest Ltd specializes in the retail sale via mail order houses or via internet industries, offering a wide range of personalized gifts. Its website showcases a diverse selection, from engraved gifts and indoor pots to personalized books and family portraits. The company’s focus is on handmade, unique gifts, with a particular emphasis on illustrations and bespoke creations. It seems they are really pushing the family portrait and illustration niche.

Financially, Letterfest Ltd shows some interesting trends. Creditors have increased significantly, jumping 43% to £490,000 within a year, while cash bank on hand has plummeted 75% to £100,000. Debtor values have also increased considerably, by 78% within a year. However, net assets have doubled, reaching £640,000, and retained earnings have also increased, suggesting a possible influx of capital or successful sales. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) means it’s likely exempt from an audit, and the accounts are unaudited. The increase in bank borrowings is a little concerning, though, and might indicate a need for more working capital. It’s also worth noting that the company’s average number of employees has increased by 11% to twenty, which could be a sign of growth, or perhaps increased workload.

Registered in England/Wales under the registration number 07669886, with a registered address at EX31 4AY, England, Barnstaple, Devon, Unit 1, Chivenor Business Park, Chivenor.

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