Reed’s Comforts Ltd

Reed’s Comforts Ltd, based in Basildon, UK, is a small, active company founded three years ago. It’s a solo venture, run by a single director and owner, Reed Thomas, and holds just £2,012 in assets. The company operates from a real address shared by two other businesses, suggesting a low-overhead setup. It’s a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, employees less than 50.

The business specializes in retail, selling sports goods, fishing gear, camping goods, boats, and bicycles, as well as clothing. It appears to operate primarily through online channels, though a website wasn’s available to confirm. This suggests a focus on e-commerce, catering to customers seeking outdoor and recreational equipment.

Financially, Reed’s Comforts Ltd is showing some concerning trends. Cash reserves have fallen significantly, dropping 90% to just £65, while creditors have increased 170% to £3,900. Current assets have doubled to £2,000, but net assets remain negative at -£1,900. Equity has also declined by 160% to -£2,000. The company’s inventories have increased to £1,900. These figures suggest the business is burning through cash and relying on credit to stay afloat. The lack of employees (zero reported) points to a very lean operation, but the negative equity and rising debt are worrying signs. As a small company, it’s exempt from an audit, so the financial information is unaudited. It’s clear that while the business may be active, it's facing financial pressures.

Registered in England/Wales under the registration number 13901391, with a registered address at SS13 2HL, United Kingdom, Basildon, Essex, 38a Kelly Road, Bowers Gifford.

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