Popmallshoping Ltd

Popmallshoping Ltd from Salford UK: a small, active company founded six years ago, is currently facing some overdue filings – accounts are four months late, and the confirmation statement is a year behind. Despite these challenges, the company employs six people and holds £395,350 in assets, operating from a real address and managed by a single director and owner, who is also the solo founder.

The company’s website reveals a focus on retail sales via mail order and internet, importing goods and selling them directly to consumers. It’s a relatively small operation, meeting two of three criteria to be classified as small: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees. The business operates in the retail sale via mail order houses or via internet industries.

Looking at the financials, Popmallshoping Ltd shows a mixed picture. Current assets have significantly increased by 150%, reaching £400,000, which is a positive sign. However, cash bank on hand has decreased by 23%, dropping to £18,000. Creditors have also seen a substantial rise, increasing by 240% to £340,000, suggesting a greater reliance on borrowing. Equity, however, has improved, rising by 16% to £59,000. The company’s net assets also increased by 16% to £59,000. It’s worth noting that the company is an abridged accounts and unaudited, and the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

These trends could be attributed to several factors. The increase in current assets may reflect successful sales and inventory buildup, while the rise in creditors could be due to expanded purchasing or delayed payments from customers. The decrease in cash reserves, however, warrants closer attention, as it could indicate tighter cash flow management. The company's small size allows for flexibility, but the rising debt levels may pose a long-term challenge. No auditor is mentioned, which is common for small companies.

Registered in England/Wales under the registration number 11841900, with a registered address at M6 6FP, England, Salford, Unit 204 Salford Innovation Forum, 51 Frederick Road.

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