Marwood Leather Ltd

Marwood Leather Ltd, based in Ilkeston, UK, is a small, active company established six years ago. Despite a confirmation statement being overdue for a year, the business maintains a perfect 5.0 Google rating from one review. With two employees and £22,504 in assets, it’s a modest operation overseen by one director and owner.

The company operates in the retail sale via stalls and markets of other goods, as well as via mail order houses or via the internet. It’s a small company, meeting two of three conditions: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees.

A review of Marwood Leather Ltd’s financial data reveals a mixed picture. While cash bank on hand remained steady at £470, net assets plummeted 53000%, ending at -£1100. Bank borrowings decreased by 8.4% to £9,100, and creditors also fell by 8.4% to £9,100. However, trade debtors increased significantly, rising 80% to £22,000. The company’s net current assets also improved, increasing by 130% to £8,100.

These figures suggest the company is facing some financial pressures. The large decrease in equity could indicate a reliance on debt financing or perhaps a period of reinvestment in the business. It’s possible that the increase in trade debtors reflects a strategy to boost sales, but it also carries the risk of delayed payments. The lack of an auditor mentioned (likely exempt as a small company) means the figures are unaudited. The company's small size and agility could help it navigate these challenges, but careful management of cash flow will be crucial.

Registered in England/Wales under the registration number 11861951, with a registered address at DE7 5TG, United Kingdom, Ilkeston, Unit J, Digby Art Studios, Digby Street.

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