Scanford Ltd

Scanford Ltd is a small, active company based in London, UK, founded 23 years ago in 2002. With £1,658,956 in assets and a virtual address, it operates with two directors and one owner, employing six people. The company regularly imports clothing and accessories, not knitted or crocheted (292 months), and occasionally exports the same (3 months).

The company operates in the retail sale of clothing in specialised stores, and it's a small business, meeting two of three criteria: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. It’s a tight operation, with a real registered address and two directors at the helm.

Financially, Scanford Ltd shows a mixed bag. Cash reserves increased by a substantial 90% to £440,000, while current assets grew by 10% to £1,700,000. However, trade debtors remained stable at £1,200,000. Bank borrowings decreased slightly, and creditors also decreased. The company’s net assets increased by 6.2% to £1,400,000. There was a significant increase in other creditors, rising 78%. The company's small size helps it stay agile, but the slight increase in bank borrowings is something to watch. The company is exempt from audit as a small company, so the figures rely on unaudited statements.

The company’s financial data indicates a generally healthy position, with strong cash reserves and growing assets. The increase in other creditors, however, suggests a possible need to manage short-term liabilities more effectively. It's a good sign that the company is growing, but it needs to keep an eye on its cash flow.

Registered in England/Wales under the registration number 04404954, with a registered address at N16 6XS, England, London, 94 Stamford Hill.

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