Margin Services Limited

Margin Services Ltd, based in Worthing, UK, is a small, active company founded 22 years ago. With 12 employees and £283,152 in assets, it operates from a virtual address—a detail worth noting as 107 companies are registered at the same location. The business is run by four directors and one owner, Hobbs Martin Richard. It’s an irregular importer, bringing in furniture, lighting, and prefabricated buildings for a couple of months in 2022, and a regular exporter of the same items, with three months of export activity recorded up to June 2024.

The company’s website reveals a more detailed picture: Margin Services Ltd is a family-run business supplying domestic spares and accessories. It operates a shop front in Rustington, West Sussex, and also trades online through sites like Lampspares and Spares2you. The business specializes in lighting repairs and domestic spares, stocking everything from vacuum cleaner parts to electrical appliances. It even boasts a large stock of lampholders and is certified by the LIA Lighting Industry Association. The website also mentions a significant presence in the piano restoration business, though it’s unclear how closely linked this is to the core spares business.

Financially, Margin Services Ltd shows some concerning trends. Cash bank on hand increased significantly by 110% to £15,000, which is a positive sign, but net assets decreased by 26% to £7,400. Bank borrowings are down by a dramatic 100%, which is good, but creditors increased by 37% to £49,000. The company's small size (meeting two of three criteria for a small company) helps it remain agile, but the decline in equity is a red flag. The company's average number of employees has also decreased by 17%, dropping to 10. With no auditor mentioned, the financial statements are unaudited.

Overall, Margin Services Ltd appears to be navigating a period of change. While the core business seems active and well-regarded, the financial data suggests some pressure on the company's equity. It's a small business, and these fluctuations are not uncommon, but it’s something to keep an eye on.

Registered in England/Wales under the registration number 04456195, with a registered address at BN13 3QZ, Worthing, West Sussex, Martlet House E1 Yeoman Gate, Yeoman Way.

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