Savebox Limited

Savebox Limited, based in Cardiff, UK, is a small, active company founded seven years ago in 2017. With two employees and £163,872 in assets, it operates from a real address and is managed by two directors and one owner, Hancock Adam. The company regularly imports electrical machinery and equipment (5 months), with the last import occurring in June 2023, but exports irregularly (1 month), with the last export in March 2023. It operates within the “other service activities n.e.c.” industries.

The company’s website is currently unavailable, making it difficult to determine the specifics of their online presence or e-commerce activities. It's unclear if they have a dedicated online store or primarily operate through other channels.

Financially, Savebox Limited presents a mixed picture. While net assets remain steady at £610,000, cash reserves have increased significantly by 150% to £3,200. However, bank borrowings have also risen, with overdrafts increasing by 23% to £11,000. Trade debtors have decreased slightly, suggesting improved collection practices. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the increase in bank borrowings warrants attention. Creditors have also decreased, which is a positive sign. No auditor is mentioned, which is common for small companies exempt from an audit.

Overall, Savebox Limited seems to be navigating a period of change. The increase in bank borrowings suggests they may be investing in their business or facing short-term cash flow challenges. It will be interesting to see how these trends evolve in the coming year.

Registered in England/Wales under the registration number 10992499, with a registered address at CF3 1EY, Wales, Cardiff, Unit 1 Alexandria Ind Est Wentloog Road, Rumney.

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