Ship It Appliances Limited

Ship It Appliances Ltd, based in Salford, UK, is a sizable holding company with an active status. Established thirteen years ago in 2011, the company employs nineteen people and holds assets worth £5,734,604. Its yearly revenue reaches £19,146,229, demonstrating a healthy turnover. With three directors and one owner, and a respectable Google rating of 4.0 based on 481 reviews, the business seems well-regarded. It has a real address, which is good to know.

The company operates in the retail sale via mail order houses or via internet industries, with a website showcasing a range of fridges, freezers, ovens, and hobs. It offers fast delivery, 30-day returns, and finance options, with a focus on multibuy discounts to attract customers. The site also promotes PayPal Credit, which is a good way to get customers to buy.

Financially, Ship It Appliances Ltd’s recent performance reveals some concerning trends. While turnover increased by a solid 46%, net assets plummeted by a staggering 73%, dropping to just £16,000. Bank borrowings have surged by 2,400%, reaching £29,000, and cash reserves have fallen 30% to £28,000. Creditors, however, decreased by 18%, suggesting improved debt management. The company is considered large, having met two of three conditions for size, but the sharp decline in equity raises questions. There's no auditor mentioned, which is common for companies of this size.

Overall, Ship It Appliances Ltd is experiencing mixed signals. While the retail side seems active, the financials suggest a company facing financial pressures. The business is still doing well, but it needs to be careful.

Registered in England/Wales under the registration number 07705721, with a registered address at M50 1RE, England, Salford, Greater Manchester, 8 Coronet Way.

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