Royale Gifts Limited

Royale Gifts Limited is a small, active company based in Newcastle Upon Tyne, UK, founded four years ago in March 2021. It’s a family business employing just two people and operating an e-commerce site. With two directors and two owners, the company holds a real registered address and meets two of the three criteria defining a small company: turnover less than £10.2 million, balance sheet total less than £5.1 million, and fewer than 50 employees.

The company specializes in retail sales via mail order and internet, offering a range of gifts and related products. Its website, Royale Gifts, showcases a selection of items, though its current activity level is not immediately apparent. While the site is functional, it lacks the dynamism of a thriving e-commerce platform.

Financially, Royale Gifts Limited presents a mixed picture. Cash on hand increased slightly, rising by 2.1% to £34,000, which is a positive sign. However, net assets decreased significantly, falling 24% to just £4,000. Creditors increased by 7%, reaching £30,000, suggesting a reliance on short-term borrowing. The company’s nominal share capital remained constant at £200. It's worth noting that the company’s accounts are filleted and unaudited, with an accountant’s report.

While the company’s small size allows for agility, the decline in net assets warrants attention. It's possible that increased spending on marketing or inventory contributed to this trend, or perhaps sales haven’t kept pace with expenses. The lack of employee growth, despite the e-commerce focus, could indicate a reliance on external contractors or a highly efficient operational model. With no auditor mentioned, the financial data relies on the directors' reporting, which is standard for small, exempt companies.

Registered in England/Wales under the registration number 13291890, with a registered address at NE5 4EN, United Kingdom, Newcastle Upon Tyne, 83 Lazonby Way.

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