Morethanpolish Limited

Morethanpolish Limited, based in Stamford, UK, is a small, active company founded 21 years ago. With five employees and £172,625 in assets, it operates from a real address and is led by two directors and a solo founder. Its Google rating stands at 4.0 based on 21 reviews.

The company primarily operates in the retail sale via mail order houses or via internet industries, specializing in car care products, covers, and accessories. Its website showcases a wide range of brands, from AirFlow to Valentines Wax, catering to enthusiasts and professionals alike. Beyond just selling products, Morethanpolish Limited positions itself as a source of expertise, offering advice and sourcing hard-to-find items. The site details a comprehensive inventory, including everything from custom car covers to detailing tools and even specialist items like cymbal cleaners. It ships worldwide every day.

Financially, Morethanpolish Limited demonstrates a mixed picture. Cash bank on hand has seen a substantial increase of 3500%, reaching £25,000, which is a positive sign. However, creditors have risen significantly by 37%, reaching £140,000, and bank borrowings have decreased by -30%, settling at £11,000. While trade debtors have increased by 24%, reaching £79,000, the most concerning trend is the decline in equity, which has dropped 42% to £35,000. Despite these challenges, the company's small size—meeting two of three conditions for being considered small (turnover under £10.2 million, assets under £5.1 million, fewer than 50 employees)—allows for agility. The lack of an auditor mentioned suggests the company is exempt from an audit as a small company.

Overall, Morethanpolish Limited appears to be navigating a period of change. While cash reserves have improved, the increase in creditors and the decline in equity suggest the company is burning through money. The continued growth in trade debtors indicates potential issues with customer payments. Despite these financial pressures, the company's strong online presence and reputation for expertise should help it weather the storm.

Registered in England/Wales under the registration number 05055864, with a registered address at PE9 3DW, Stamford, Lincolnshire, Unit 15 Station Road, Barnack.

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