Poolbar Limited

Poolbar Limited is a small, active company based in Chelmsford, UK, founded just one year ago in April 7, 2023. Employing two people and boasting a real registered address, it’s a relatively new venture with three directors and two owners. 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 online retail. It’s unclear if they have a dedicated e-commerce platform or utilize third-party marketplaces, but the focus is clearly on reaching customers online.

Financially, Poolbar Limited presents a mixed picture. Net assets are currently in the negative at -£23,000, indicating liabilities outweighing assets. Bank borrowings have increased, and cash reserves are low. However, creditors have remained relatively stable, suggesting some level of debt management. The company meets the criteria for a small business, with a turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees. The absence of an auditor mentioned (likely exempt as a small company) means the figures are unaudited.

The company's financial data shows a concerning trend of negative equity. While the business is still young, the lack of profitability and reliance on borrowing could present challenges moving forward. The directors' recent changes, however, suggest a willingness to adapt and potentially seek new strategies for growth.

Registered in England/Wales under the registration number 14814071, with a registered address at CM3 5TB, United Kingdom, Chelmsford, Floor 1 Office 10 Chandlers Way, South Woodham Ferrers.

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