Presents Galore Ltd

Presents Galore Ltd, based in Birmingham, UK, is a small, active company founded four years ago. With a single employee and £11,154 in assets, it operates from a virtual address shared by twenty-five other companies, a bit unusual. The company is led by a solo founder, Vanezi Vasos, who also serves as director and owner, and enjoys a respectable 4.0 Google rating from twelve reviews. The business primarily focuses on retail sale via mail order houses or via internet, and other retail sale not in stores, stalls or markets. It’s an irregular importer, with its top import category being Glass and Glassware, totaling 2 months of imports.

The company’s website, while not providing detailed information, suggests a focus on online sales and potentially gift-related products, given the name "Presents Galore." It’s unclear if the company has a physical storefront or showroom.

Financially, Presents Galore Ltd presents a concerning picture. Current assets have plummeted by 74%, dropping to just £11,000—a significant decrease. Net assets also took a hit, falling 37% to -£77,000, indicating substantial losses. Bank borrowings increased by 9.5%, reaching £10,000, while cash reserves are low. Creditors decreased slightly, but the overall trend points to financial strain. The company meets two of three criteria to be considered small, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. As a small company, it’s exempt from an audit, relying on unaudited statements.

The company’s financial situation suggests it’s burning through money, although it’s difficult to say if this is typical for a startup or a more long-term challenge. The irregular import activity and the small scale of operations, combined with the negative equity, raise questions about its sustainability.

Registered in England/Wales under the registration number 12608479, with a registered address at B24 9ND, England, Birmingham, Old Bank Chambers 582-586 Kingsbury Road, Erdington.

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