Price Cut Books Ltd

Price Cut Books Ltd, a family-run business based in Leicester, UK, has been a fixture in the book trade for 21 years. This medium-sized company, with 49 employees, boasts a healthy £12.48 million in assets and generates £21.75 million in revenue annually. The company operates from a real address and is managed by two directors and two owners, with a strong Google rating of 4.0 based on 29 reviews. They regularly import and export printed materials like books, newspapers, and pictures, with a long history of 11 months of imports and 61 months of exports.

The company’s website, Lowplex Books Superstore, is a fully functional e-commerce platform offering a vast selection of books for all ages and interests. From bestselling fiction to educational resources, the site caters to a wide range of customers. It features a user-friendly interface, detailed product descriptions, and a variety of payment options. They even offer free standard delivery on orders over £35 within mainland UK.

Financially, Price Cut Books Ltd presents a mixed picture. While turnover remained stable at £21.75 million, net assets have decreased by 17% to £13 million. Creditors have increased by 30% to £1.6 million, and bank borrowings have risen by 45% to £250,000, suggesting a need for increased financing. However, the company’s cash reserves have also declined by 21% to £4.9 million. Average employee numbers have increased significantly, jumping 69% to 83, which may reflect increased workload or expansion plans. The company’s auditor is Watergates Ltd.

These figures suggest that Price Cut Books Ltd is navigating a period of change, potentially driven by increased operational costs or investments in growth. The rise in employee numbers and borrowing, combined with the decrease in cash reserves, warrants careful monitoring. However, the company's strong online presence, positive customer reviews, and established reputation in the book trade position it for continued success.

Registered in England/Wales under the registration number 05005873, with a registered address at LE5 3EF, England, Leicester, Unit 31, Vulcan House Business Centre, Vulcan Road.

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