Loads Straps & Slings Limited

Loads Straps & Slings Limited, based in Lanark, UK, is a small, active company founded seventeen years ago in December 2007. With just £9,025 in assets, it operates as an e-commerce business selling straps and slings, and has two directors and two owners. The company's registered address is a virtual one, shared by twenty-eight other businesses, which is a bit odd.

The company's core business is retail sale via mail order houses or via internet. It's a small company, meeting two of three conditions: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The company’s website is clearly focused on its primary business, offering a range of straps, slings, and related accessories.

Financially, Loads Straps & Slings Limited has experienced some turbulence. Current assets have fallen significantly by 48%, dropping to £9,000. Bank borrowings have also decreased, but cash reserves have increased dramatically, rising by 410% to £4,300. Creditors have increased by 99%, suggesting a reliance on trade credit. Net assets have plummeted by 1000%, resulting in a substantial loss of £14,000. The company’s directors, Natasha Jardine and Lauren Sang, have been signing financial statements, and the company’s production software is Iris Accounts Production.

The sharp decline in net assets is concerning, although it could be due to investments in inventory or marketing. The increase in cash reserves is a positive sign, but the reliance on trade credit and the virtual address raise some questions. With no auditor mentioned, the financial statements are unaudited, so it's hard to get a completely clear picture. Overall, Loads Straps & Slings Limited appears to be navigating a challenging period, but its e-commerce focus and small size may help it weather the storm.

Registered in Scotland under the registration number SC335537, with a registered address at ML11 7AB, Scotland, Lanark, 15 St. Leonard Street.

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