Simply-coins Ltd

Simply Coins Ltd, based in Stoke On Trent, UK, is a small, active company founded two years ago. With just two employees and £7,220 in assets, it operates as a solo founder’s e-commerce venture, managed by director and owner, Walton Jane. The company’s registered address is a virtual one, shared by eleven other businesses, which is something to keep in mind.

The business focuses on the retail sale of coins via the internet, offering a range of collectible and rare coins, including gold sovereigns and Olympic memorabilia. Its website, Simply-coins.co.uk, is a fully functional e-commerce platform with a wish list, comparison feature, and secure payment options. The site also offers online coin appraisals and insured postage on all orders, which is good.

Financially, Simply Coins Ltd shows a somewhat unusual picture. While its assets remain relatively stable at £7,220, its net assets are a mere £9, reflecting retained earnings and share capital. Bank borrowings are a significant £8,000, and trade debtors are £250. Cash reserves are low, at just £7,000, and creditors are £8,000, which is a bit concerning. The company’s small size—meeting two of three criteria for a small company—helps it remain agile, but the reliance on bank borrowings and the low cash position suggest it’s operating on a tight margin. There's no mention of an auditor, which is typical for a small, exempt company.

The business seems to be actively selling coins online, as evidenced by its website and product listings. However, the financial data indicates a need for careful cash flow management to ensure its long-term sustainability. It's a small operation, but it’s got potential, and the solo founder appears dedicated to its success.

Registered in England/Wales under the registration number 14580459, with a registered address at ST6 1DS, England, Stoke On Trent, 29-31 Moorland Road.

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