Mansfield Scaffold Store Limited

Mansfield Scaffold Store Ltd, based in Huntingdon, UK, is a small, family-run business with an active trading status. Founded seven years ago in 2018, the company employs five people and holds £429,082 in assets. It operates from a real address and is managed by two directors and two owners. The firm is a irregular importer of aluminum and aluminum products, with just one month of import activity recorded as of March 2021. The company has a stellar 5.0 Google rating based on 73 reviews.

The company operates in the agents specialized in the sale of other particular products industries. Its website is non-existent, suggesting a reliance on direct sales or wholesale channels rather than an online presence. It’s unclear if the company has any e-commerce capabilities.

Financially, Mansfield Scaffold Store Ltd presents a mixed picture. Current assets have decreased by 35%, falling to £430,000, while net assets have plummeted 83%, leaving just £38,000. Cash reserves have also declined significantly, dropping 86% to £240,000. Trade debtors have seen a substantial decrease, falling 52%, suggesting improved collection efforts. However, bank borrowings have surged by 2,400%, reaching £29,000, and creditors have decreased by 9.8%, indicating better debt management. The company's small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the sharp decline in equity raises concerns. The company is exempt from an audit as a small company.

The company’s recent financial performance suggests it's burning through cash, although improved debt management is a positive sign. It’s possible the company is investing in growth, but the declining equity warrants close monitoring.

Registered in England/Wales under the registration number 11212839, with a registered address at PE29 3DP, United Kingdom, Huntingdon, Cambridgeshire, Abacus House, 93 High Street.

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