Retro Vintage Store Ltd

Retro Vintage Store Ltd, based in Newport, UK, is a small, family business with an active status. Founded six years ago, the company employs four people and holds £5,574 in assets. The registered address is a virtual one, as ninety-two companies share the same location—a point that needs looking into. With one director and two owners, it's a tight-knit operation, although confirmation statements are overdue by five months.

The company operates in the retail sale via mail order houses or via internet industries, specializing in vintage and mid-century furniture. Its website showcases a curated collection of storage, tables, seating, and accessories, with a focus on Danish designs and renowned manufacturers. They even offer a sourcing service for customers seeking specific pieces, leveraging connections with other dealers. The company also has showrooms in Glasgow and Stewarton, offering a more personal shopping experience.

Financially, Retro Vintage Store Ltd’s numbers paint a concerning picture. Current assets have plummeted by a staggering 95%, dropping to just £5,600. Net assets have also taken a massive hit, falling 950% to -£52,000. Cash reserves have evaporated, decreasing by 97% to a mere £300. Trade debtors have also decreased significantly, but creditors have decreased too. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) means it’s unlikely to have an auditor, and the financial statements are unaudited.

In short, Retro Vintage Store Ltd is facing serious financial challenges. The rapid decline in assets and cash reserves suggests the company is burning through money—a situation that needs addressing. While the website and showrooms demonstrate a commitment to quality and customer service, the underlying financials raise questions about the company’s long-term viability.

Registered in Wales under the registration number 11619371, with a registered address at NP10 8FY, Wales, Newport, Severn House, Hazell Drive.

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