Polaris Goods Ltd

Polaris Goods Ltd from Birmingham UK: a small, active company founded four years ago, employs just one person, and holds £13,717 in assets. It’s a solo venture led by a single director and owner, Khan Hyder, and boasts a respectable 4.0 Google rating from 15 reviews. The company operates in the retail sale via mail order houses or via internet industries.

The company’s website, while not providing extensive details, suggests a focus on retail goods, potentially clothing or accessories. It’s unclear if they have a physical store or operate solely online. The address, 78 Aubrey Road Small Heath, Birmingham, is a real address with only one other company registered there, which is reassuring.

Financially, Polaris Goods Ltd presents a mixed picture. Cash reserves have seen a remarkable surge, jumping 12,000% to £4,600—a very positive development. However, creditors have also increased significantly, rising 110% to £18,000, which could indicate increased reliance on short-term financing. Equity has decreased slightly, falling 15% to -£5,400, but this is offset by a substantial increase in loans from directors, also up 110% to £18,000. It’s worth noting that the company’s small size (meeting two of three criteria for a small company) means it’s exempt from an audit, so the accounts are unaudited. The accounts were prepared using Taxfiler software and filed with Ecommerce Buddy.

The sharp increase in cash reserves is a welcome sign, but the rising creditors and loans suggest the company may be burning through money to keep operations going. It’s possible they’re investing in inventory or marketing to drive sales, but it’s something to watch. The lack of employees and the reliance on a single director points to a lean operation, but also potential limitations in scaling the business.

Registered in England/Wales under the registration number 12646919, with a registered address at B10 9DF, United Kingdom, Birmingham, 78 Aubrey Road Small Heath, St.

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