Penny Saver Stores Ltd

Penny Saver Stores Ltd is a small, active company based in London, UK, founded fifteen years ago in 2010. With £293,762 in assets and six employees, it operates from a real address on Wandsworth Road. A single director and owner manage the business, which also runs an e-commerce site. The company is an irregular importer, specializing in furniture, lighting, and prefabricated buildings, with just one month of import activity recorded as of July 2023.

The website, Penny Saver Stores LTD, showcases a range of flooring products, including laminate, carpet, and vinyl. It also features a selection of decorative items, like angled fitch brush sets, and emphasizes customer service with options for payment via PayPal. The site's design, powered by Shopify, suggests a focus on online retail and a modern, user-friendly experience.

Financially, Penny Saver Stores Ltd presents a mixed picture. Current assets grew by 28% to £290,000, while cash reserves increased significantly by 660% to £80,000. However, creditors also rose by 15% to £180,000, and trade debtors increased dramatically by 120% to £28,000. Equity grew by 81% to £88,000. The company's small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the increase in creditors could indicate a need for careful cash flow management. The accounts are abridged and unaudited, relying on director-reported data, and were authorised for issue in November 2024.

Registered in England/Wales under the registration number 07175666, with a registered address at SW8 2JR, London, 274-276 Wandsworth Road.

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