Precious Delights Ltd

Precious Delights Ltd from Salford UK is a small, active company founded three years ago. It boasts £16,044 in assets, a real address, and is managed by one director and owner, who also serves as the solo founder. The company operates in the retail sale via mail order houses or via internet industries.

The business, while small (meeting two of three conditions: turnover under £10.2 million, balance sheet under £5.1 million, and fewer than 50 employees), appears to be focused on online retail. The company's website, while not provided, likely features a range of products sold directly to consumers. It's a fairly typical setup for a small e-commerce venture.

Financially, Precious Delights Ltd presents a mixed picture. Current assets have decreased slightly, dropping 11% to £16,000. Equity, however, has taken a significant hit, plummeting 390% to -£2,700. Cash on hand has also fallen considerably, decreasing 51% to £2,600. Creditors remain stable at £19,000, and bank borrowings are unchanged. The company’s small size allows it to remain agile, but the substantial equity decline suggests it's burning through cash. With no auditor mentioned, the figures are unaudited.

The company's net assets are also in the negative, indicating liabilities exceed assets. It’s possible the business is reinvesting heavily in inventory or marketing, but the lack of employee numbers (zero reported) suggests a lean operation. It's a bit concerning that the company is losing money, but it's not unusual for a young business to experience this.

Registered in England/Wales under the registration number 13470791, with a registered address at M7 1BL, United Kingdom, Salford, Lancashire, 23 Delaney Way.

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