Simply Worktops Ltd

Simply Worktops Ltd from Birmingham UK: a small, active company founded four years ago, employs just one person, and holds £28,444 in assets. It operates from a virtual address, with a single director and owner – a solo founder – and runs an e-commerce site. The company is registered at B3 1RL, but this address is likely virtual, as 347 other companies also use it.

The business specializes in retail sale via mail order houses or via internet, offering worktops and related products. While details about the website are unavailable, the nature of the business suggests an online focus.

Financially, Simply Worktops Ltd presents a mixed picture. Current assets increased by 49% to £28,000, which is good news. However, bank borrowings have also increased significantly, jumping by 12000% to £8,800. Debtor levels are also up considerably, at £8,800, which could indicate delayed customer payments. Equity has improved, rising by 250% to £7,500, and retained earnings have increased by 250% to £7,500. Creditors have also risen, increasing by 23% to £21,000. The company meets the criteria for a small company, with turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees. As a small company, it’s exempt from an audit, and the financial statements are unaudited.

It’s clear that Simply Worktops Ltd is growing, but also facing some financial challenges. The increase in debtors and creditors suggests a need to manage cash flow more effectively. Whether this is a temporary blip or a longer-term trend remains to be seen.

Registered in England/Wales under the registration number 13238411, with a registered address at B3 1RL, United Kingdom, Birmingham, Suite 2a Blackthorn House, St. Pauls Square.

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