Simpson Enterprise Ltd

Simpson Enterprise Ltd, based in Fraserburgh, UK, is a small, active company founded two years ago. With a single employee and £13,207 in assets, it's a solo founder operation led by one director and owner, Marc Simpson. The company operates in the retail sale via mail order houses or via internet industries.

The business’s website is currently unavailable, making it difficult to assess its online presence and specific product offerings. However, the company’s registration details indicate a focus on e-commerce, suggesting a direct-to-consumer model.

Financially, Simpson Enterprise Ltd shows some concerning trends. While the company is small (meeting two of three conditions for a small company), its net assets have plummeted by a staggering 47,000%, reaching -£27,000. Cash reserves have also declined significantly, falling 81% to just £110. Bank borrowings have decreased, though, by 54%, which is a positive sign. Trade debtors have vanished completely, which could indicate a shift in payment terms or a focus on cash sales. The company’s creditors have increased by 21%, suggesting increased reliance on supplier credit.

Despite the challenging financial picture, Simpson Enterprise Ltd's small size allows for agility. The lack of an auditor, typical for small companies, means the figures are unaudited. It's clear that the company is facing some financial pressures, and its ability to navigate these challenges will be crucial for its long-term survival.

Registered in Scotland under the registration number SC734727, with a registered address at AB43 7FW, United Kingdom, Fraserburgh, 1 Rattray Head Walk.

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