Pound Retail Ltd

Pound Retail Ltd from Kington UK: small company, active status, founded 4 years ago, 1 employee, £14,404 assets, virtual address, 1 director, 1 owner, solo founder. The business operates in the retail sale via mail order houses or via internet industries. It’s a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, employees less than 50. The last reported current assets is £14,404. Officially, it has one owner or PSCs, one director, and one employee.

The company’s website, Pound Retail, doesn't appear to be actively maintained, and there’s no obvious e-commerce functionality. It seems the business operates primarily through other channels, possibly mail order or wholesale. The lack of a visible online presence suggests a more traditional retail model, focusing on established relationships rather than direct-to-consumer sales. It's a bit surprising that a company operating in the internet industries doesn't have a more prominent online presence.

Financially, Pound Retail Ltd presents a mixed picture. Cash bank on hand has decreased significantly by 55%, dropping to just £460, which could indicate tighter cash flow management or increased spending. Creditors have increased by a substantial 190%, reaching £9,900, suggesting the company is relying more on credit from suppliers. However, debtors have also risen dramatically by 1100%, reaching £8,500, which could be a sign of delayed payments from customers or an expansion of credit terms. Equity has increased by 300%, reaching £2,500, which is a positive sign, but the large increase in debtors needs to be monitored. The company’s small size helps it stay agile, but the fluctuating figures raise questions about its long-term sustainability. There's no auditor mentioned, likely due to the company's small size and exemption from an audit.

Registered in England/Wales under the registration number 12994477, with a registered address at HR5 3DJ, United Kingdom, Kington, 61 Bridge Street.

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