Museum Shops Ltd

Museum Shops Ltd from Manchester UK is a small, active company founded seven years ago. With a single employee and £3,416 in assets, it’s a solo founder operation led by one director and owner. The company operates in the retail sale via mail order houses or via internet industries.

The company's website is a bit of a puzzle. It's a chaotic jumble of code and characters, making it impossible to determine if it's a functioning e-commerce site. There's no clear indication of products or services offered, and the design is non-existent. It's likely the site hasn’s been updated in a long time, or perhaps it’s a placeholder.

Financially, Museum Shops Ltd shows some concerning trends. Net assets decreased by a significant 94% to -£49,000, a sharp drop from the previous year. Cash reserves plummeted 73% to just £220, while bank borrowings increased by a staggering 2,400%, reaching £29,000. Trade debtors ballooned by 1000%, suggesting customers are taking longer to pay. Creditors also increased, and debts are growing. On the plus side, the company's small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile, but the sharp equity drop raises questions. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

It's possible the company is experiencing temporary cash flow issues, or perhaps it's investing heavily in growth. However, the combination of declining assets, increasing debt, and a non-functional website suggests the company is facing significant challenges.

Registered in England/Wales under the registration number 10967053, with a registered address at PO19 3FP, England, Chichester, 42 42 Gobey Drive, West Broyle.

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