Regency Trading Limited

Regency Trading Ltd from Manchester UK: a small, active company established seven years ago, employs three people, and holds £312,959 in assets. Operating from a virtual address, the company is led by one director and one owner. It’s a regular importer and exporter of clothing and accessories made by knitting or crocheting, with 115 months of import activity and three months of export activity recorded.

The company’s core business involves the wholesale of clothing and footwear industries. While no website is available to analyze, the company’s profile suggests a focus on sourcing and distributing handcrafted items. It’s a small company, meeting two of three conditions: turnover less than £10.2 million, balance sheet total less than £5.1 million, and fewer than 50 employees.

Financially, Regency Trading Ltd presents a mixed picture. Cash reserves have significantly declined, falling by 98% to a mere £2,700. Bank borrowings have increased dramatically, reaching £27,000, and net assets have fallen by 8.5% to £23,000. Creditors have also decreased by 26%, suggesting improved debt management. Trade debtors, however, have increased by 28%, which could be a cause for concern. The company's accounts are unaudited, and the director, Abbas Toqir, is both the director and owner.

The decrease in cash reserves and the increase in trade debtors suggest the company may be burning through money, but the decrease in creditors indicates better control over short-term liabilities. The company's small size and virtual address are common features of smaller businesses, but the financial trends warrant close monitoring.

Registered in England/Wales under the registration number 11159123, with a registered address at M1 3BE, United Kingdom, Manchester, 2nd Floor, 9 Portland Street.

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