Sage Cookware Ltd

Sage Cookware Ltd from Kingswinford UK: small company, active status, founded 11 years ago, 2 employees, £15,490 assets, virtual address, 2 directors, 2 owners, family business, e-commerce site. It’s a small, family-run business operating in the retail sector, specifically selling kitchenware via an online store. Founded in 2013, the company employs just two people and holds a modest £15,490 in assets. The registered address, however, is a virtual one, shared by many other businesses, which is a bit unusual. It’s run by two directors and owners, Bissell Neil Simon and Bissell Suzanne, who likely have a close hand in day-to-day operations.

The company's website, while not provided, is understood to facilitate e-commerce, allowing customers to purchase kitchen supplies online. It operates in the retail sale via mail order houses or via internet industries. While it’s unclear how extensive the product range is, the focus is on providing kitchenware to consumers.

Financially, Sage Cookware Ltd presents a mixed picture. Current assets have plummeted by a staggering 50%, dropping to £15,000, which is a significant decrease. Bank borrowings have also increased by 30%, reaching £2,600, and cash reserves have fallen dramatically by 88%, leaving just £870. Creditors have increased by 74%, reaching £46,000, and net assets have fallen by 240%, reaching -£46,000. The company's small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) means it’s likely exempt from a full audit, and the figures are unaudited.

The sharp decline in cash reserves and the negative equity are concerning, suggesting the company may be burning through money faster than it’s generating revenue. It's possible that increased creditor payments are a result of increased sales, but the overall trend indicates financial pressure. The directors, however, have experience and a vested interest in the company’s success, and the family-run nature of the business could provide resilience during these challenging times.

Registered in England/Wales under the registration number 08550986, with a registered address at DY6 9HS, England, Kingswinford, West Midlands, Brook House, Moss Grove.

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