Shucity Ltd

Shucity Ltd from Leicester UK: a small holding company with an active status, was founded twelve years ago and employs eight people. It holds £543,689 in assets and operates from a virtual address, registered at 109 Coleman Road, LE5 4LE – an address shared by 112 other companies. The company is led by one director and has three owners, and runs an e-commerce site, regularly importing footwear and related items, with the latest import activity occurring in December 2023.

Shucity Ltd’s core business involves the retail sale of footwear in specialised stores. The website showcases a wide range of products, from workwear and safety boots to fashion shoes and kids’ footwear, catering to both men and women. It’s clear the company aims to be a one-stop shop for all footwear needs, with a dedicated section for accessories like insoles and socks. The site also features a blog, though it’s not frequently updated.

Financially, Shucity Ltd presents a mixed picture. While cash reserves increased by a significant 71% to £180,000, net assets decreased by 7.2% to £73,000. Bank borrowings, however, remained steady at £20,000. Creditors increased substantially, rising by 98% to £440,000, which could indicate increased purchasing activity or potentially, some difficulties in managing short-term liabilities. The company’s small size—meeting two of three criteria for being a small company—helps it remain flexible, but the rise in creditors is something to keep an eye on. The company is exempt from an audit, so the figures are unaudited.

The company’s directors are listed as Ibrahim Abubaker Imtiaz, and the company is owned by Shucity Investments Ltd, Aboobakar Ibrahim Imtiaz, and Ibrahim Abubaker Imtiaz. It seems the company is doing alright, but the rise in creditors needs to be watched closely.

Registered in England/Wales under the registration number 08213665, with a registered address at LE5 4LE, Leicester, 109 Coleman Road.

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