Recommerce Ltd

Recommerce Ltd, based in High Wycombe, UK, is a small, active company founded eight years ago in 2017. With six employees and £148,176 in assets, it operates from a real address and is managed by a single director and owner. The business is an irregular importer, primarily dealing in leather goods, travel bags, and animal harnesses, with just one month of import activity recorded as of October 2019. While it’s unclear what the company does, it operates in the "other business support service activities n.e.c." industries.

The company’s website is currently unavailable, displaying a “Loading…” message and requiring JavaScript to function. This suggests a limited online presence or a website under development. It’s difficult to ascertain the company’s precise activities without a functional website.

Financially, Recommerce Ltd presents a mixed picture. Current assets have decreased by 33%, dropping to £150,000, while net assets have plummeted 77%, settling at just £7,200. Cash bank on hand has also declined by 40%, down to £41,000. Trade debtors have fallen by 36%, to £72,000, which could indicate improved collection efforts. However, creditors have increased significantly, with those due within one year rising 150% to £150,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the substantial decrease in equity is concerning. No auditor is mentioned, likely due to the company's exemption status as a small business, meaning the figures are unaudited.

The company’s declining financial health is evident, with a significant drop in net assets and cash reserves. The increase in creditors suggests the company may be relying on borrowing to meet its obligations. Whether this is a temporary setback or a more persistent issue remains to be seen, but the trend is not encouraging.

Registered in England/Wales under the registration number 10775061, with a registered address at HP13 7DJ, England, High Wycombe, Bucks, 1st Floor, Atlantic House, Gomm Road.

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