Shopdirect24 Limited

Shopdirect24 Limited, based in Bolton, UK, is a small, active company founded three years ago. With a single employee and £91,891 in assets, it operates as a solo-founder e-commerce site boasting a rather low Google rating of 1.0 from just two reviews. The company’s real address is registered at 49 Grisdale Road, and it’s managed by one director and owner, Chowdhury Niaz Hasnath Bakth.

The website, Shopdirect24, focuses on selling rugs, doormats, fitted sheets, duvet covers, and bedding—catering to both traditional and modern tastes. It offers a wide selection, including rubber mats, washable mats, and various bedding sets, with options like Egyptian cotton and teddy fleece. The site prominently features sales and discounts, highlighting its commitment to competitive pricing. It also has a section for Shaggy rugs in various colors.

Financially, Shopdirect24 Limited presents a mixed picture. While current assets have increased significantly to £92,000, net assets have soared to £460, a dramatic increase from just £2. Bank borrowings have also increased substantially, reaching £6,500, and cash reserves have decreased to £340. Trade debtors have increased to £32,000, suggesting a potential challenge in collecting payments. Creditors have also increased, reaching £83,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the significant changes in equity and debt raise questions. The accounts are unaudited and prepared by Saghir Ahmad & Company.

The company's rapid growth in current assets and debtors, coupled with decreased cash reserves, suggests it may be experiencing a period of expansion but also facing cash flow pressures. The substantial increase in creditors indicates a reliance on short-term financing, which could become unsustainable if sales don't keep pace.

Registered in England/Wales under the registration number 13605800, with a registered address at BL3 5NB, England, Bolton, 49 Grisdale Road.

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