Salago (totnes) Llp

Salago Totnes LLP, based in Totnes, UK, is a small, family-run business with an active status. Founded eleven years ago in 2014, it employs twelve people and operates from a real address on High Street. With four directors and four owners reported, the company has a Google rating of 4.0 based on seventeen reviews. Salago is an irregular importer, primarily dealing in toys, games, and sports equipment, with its most recent import activity occurring in August 2024.

The company's website showcases a vast range of products available both online and in their Totnes shop. From slippers and fashion accessories to art materials, books, and games, Salago caters to diverse interests. They also offer a wholesale range of products from Ibu Indah. The site highlights a curated selection of brands and items, including Lego, Moulin Roty, Daler Rowney, and Stockmar art supplies. It’s clear Salago aims to be a destination for unique gifts and quality goods.

Financially, Salago Totnes LLP demonstrates a concerning trend. Current assets have decreased by 48%, dropping to £200,000, while net assets have fallen by 47%, reaching £190,000. Bank cash reserves have significantly declined by 67%, now at £82,000. Creditors have also decreased by 46%, which could indicate improved debt management. However, the sharp decline in assets and cash suggests the company is burning through money. Fixed assets and intangible assets have also seen reductions. Despite meeting the criteria for a small company (turnover under £10.2m, assets under £5.1m, and fewer than 50 employees), the financial data raises questions about its long-term sustainability. As a small company, it’s likely exempt from an audit, meaning the financial statements are unaudited. It's a bit worrying, really.

Registered in England/Wales under the registration number OC392189, with a registered address at TQ9 5SQ, England, Totnes, 56 High Street.

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