Practical Doors Ltd

Practical Doors Ltd is a small, active company registered in London, UK, established thirteen years ago in February 2012. The company, with three employees and £114,311 in assets, operates from a virtual address—a point of concern as 413 other companies are also registered there. It’s managed by two directors and two owners, Bull Amy Louise and Myers Steven Francis, who also serve as directors. The company’s business focuses on retail sales via mail order houses or via internet.

The company’s website is non-existent, so it’s hard to know exactly what they’re doing, but it seems like they’re operating solely online. There’s no indication of a physical storefront or showroom.

Financially, Practical Doors Ltd presents a mixed picture. While cash reserves increased by a significant 77% to £74,000, net assets actually decreased by 100% to a mere £380. This dramatic shift is largely due to a massive increase in other taxation and social security payable, jumping 550% to £15,000. Trade debtors also rose substantially, up 61% to £40,000, suggesting potential issues with collecting payments. On the positive side, creditors decreased by 18%, indicating better management of short-term debts. The company’s small size—meeting two of three conditions for a small company—allows for flexibility, but the decline in equity is a cause for concern. No auditor is mentioned, which is typical for companies of this size, and the financial statements are unaudited.

The company’s current liabilities are also up, which is not a good sign. It's possible that the company is experiencing some cash flow problems, but it’s also possible that it’s simply investing in its business.

Registered in England/Wales under the registration number 07945021, with a registered address at E20 1HZ, United Kingdom, London, 19th Floor 1 Westfield Avenue.

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