Love It Gallery Limited

Love It Gallery Ltd from Wigan, UK, is a small, family-run business that’s been active for a decade. Founded in 05/20/2015, it employs 18 people and holds £97,170 in assets. With two directors and two owners, and a perfect 5.0 Google rating from 102 reviews, it’s a well-regarded operation. The company is an irregular importer, mainly dealing with machinery, boilers, and mechanical appliances, with its last import operation recorded one month ago in June 2023.

The company’s website, accessible through a Facebook login, primarily serves as a platform for connecting with people and sharing content. It doesn't appear to be a fully functional e-commerce site, but rather a social media presence used to promote the gallery and its offerings. It’s likely the business operates more traditionally, perhaps with a physical gallery space and offline sales.

Financially, Love It Gallery Ltd shows some concerning trends. Current assets have fallen by 21%, dropping to £97,000, while net assets have plummeted 32%, settling at £45,000. Bank borrowings have completely vanished, a positive sign, but cash reserves have also decreased by 36%, leaving just £62,000. Creditors have decreased by 14%, which is a good sign, but the overall decline in assets and equity suggests the company is burning through money. The company meets the criteria to be considered small, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The lack of an auditor mentioned likely means the accounts are unaudited.

Overall, Love It Gallery Ltd appears to be facing financial pressures despite its strong Google rating. Whether it can weather these challenges and maintain its reputation remains to be seen, but it's clear that careful management will be needed to ensure its long-term survival.

Registered in England/Wales under the registration number 09600312, with a registered address at WN5 7XG, England, Wigan, Lancashire, Love It Gallery Winstanley Road, Billinge.

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