Namesakes Global Limited

Namesakes Global Ltd, based in Paignton, UK, is a small, family-run business with an active status, celebrating 22 years in operation. Employing just four people, the company holds £310,000 in assets and operates from a real address within an industrial estate. Two directors and three owners manage the business, which is a regular importer of wood and wood products (21 months) and a regular exporter of toys, games, and sports equipment (6 months).

The company’s website showcases a wholesale giftware business, specializing in handcrafted wooden gifts, keyrings, magnets, and puzzles. It caters to trade customers, emphasizing ethically sourced, eco-friendly products and British craftsmanship. The site also highlights bespoke printing services and a range of themed gift collections, including British wildlife, Scottish, and Welsh designs. The company's website also boasts a wide range of products, including clocks, puzzles, moneyboxes, handcarved wood, bookends, doorstops, wall stickers, and jewellery stationery.

Financially, Namesakes Global Ltd presents a mixed picture. Creditors decreased by 40%, suggesting improved debt management, while debtors increased significantly by 19%, indicating a larger amount of outstanding payments. Cash reserves, however, plummeted 100%, leaving just £240. Bank borrowings also increased, rising by 9.1%. Net assets grew by 12%, reaching £350,000. The company meets the criteria for a small business, with turnover under £10.2 million and assets under £5.1 million. As a small company, it's exempt from an audit, and the financial statements are unaudited.

The sharp drop in cash reserves, however, is concerning, and the increase in debtors could signal challenges in collecting payments. Despite these concerns, the company’s long-standing presence and focus on niche giftware suggest a resilient business model, although it will need to manage its cash flow carefully to ensure its continued success.

Registered in England/Wales under the registration number 04637613, with a registered address at TQ4 7QN, England, Paignton, Devon, Unit 4 Yalberton Tor Industrial Estate, Alders Way.

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