Pay It Weekly Now Ltd

Pay It Weekly Now Ltd, based in Felixstowe, UK, is a small, active company founded four years ago in May 2020. With two employees and £86,067 in assets, it operates as a solo-founded e-commerce site with one director and one owner, Amy Bridges. The company’s real address is registered at Unit E Searsons Farm, Cordys Lane, Trimley St. Mary, and is likely real as only one other company is registered there. It's a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, employees less than 50.

The company’s website, PayItWeekly.com and PayItWeeklyBeds.com, focuses on selling beds and mattresses, offering a “Pay It Weekly” financing option. The site showcases a wide range of beds, including children’s, bunk, cabin, single, double, king-size, and sofa beds, alongside mattresses and furniture. It emphasizes “no credit checks” and “free mattress on children’s beds,” targeting customers seeking affordable furniture with flexible payment plans. The website also highlights a “Pay It In 4” option and offers quick links to contact information, a blog, and customer testimonials.

Financially, Pay It Weekly Now Ltd shows some interesting trends. Cash bank on hand increased significantly by 280% to £19,000, a positive sign. However, creditors rose by 13% to £85,000, and trade debtors decreased by 23% to £25,000, suggesting potential issues with collecting payments. Equity also increased by 130%, but the company’s net assets liabilities remain at £900. The company is exempt from an audit, so the figures are unaudited. The company has been trading for a while, but the increase in creditors and decrease in debtors could mean they are struggling to manage their cash flow.

Registered in England/Wales under the registration number 12612112, with a registered address at IP11 0UD, England, Felixstowe, Unit E Searsons Farm Cordys Lane, Trimley St. Mary.

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