Plus Retail Limited

Plus Retail Ltd, based in Crediton, UK, is a small, family-run business with an active status. Founded seventeen years ago in 2007, the company employs fourteen people and holds £1,265,535 in assets. It operates from a virtual address, registered at 128 High Street, Crediton, Devon, a fact that is a little strange as forty-one companies share the same address. Four directors and two owners (though the list of owners was changed three years ago) steer the ship.

The company’s core business revolves around importing rubber and rubber products—a regular activity spanning forty-nine months, with the latest import occurring in February 2025. It also occasionally exports wood and wood products, though this is less frequent, with just two months of export activity recorded as of October 2024. The company operates in the other manufacturing n.e.c. industries.

Looking at the financials, Plus Retail Ltd’s assets have increased by 3.5% to £1,300,000, while net assets have increased by 5.7% to £1,100,000. Bank borrowings have increased by 130% to £78,000, and cash reserves have increased by 8.8% to £950,000. Creditors have increased by 3.4% to £350,000, and trade debtors have decreased by 14% to £9,500. The company's small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile. The lack of a mentioned auditor is not surprising, as the company is likely exempt as a small company.

Overall, Plus Retail Ltd appears to be in a stable position, with growing assets and cash reserves. The increase in bank borrowings and creditors, however, suggests that the company is investing in its business or managing its cash flow more actively. The company’s family ownership and focus on importing rubber products provide a solid foundation, but its long-term success will depend on its ability to navigate the challenges of the global market.

Registered in England/Wales under the registration number 06295103, with a registered address at EX17 3LQ, Crediton, Devon, 128 High Street.

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