Sn Forecourts Ltd

Sn Forecourts Ltd, based in Manchester, UK, is a small, active company founded seven years ago in 2018. With a single employee and £56,048 in assets, it operates from a virtual address shared by fifty other companies – a bit unusual, really. It’s a solo-founded operation led by a single director and owner, Noor Shahbaz Ahmad. The company’s business involves retail sale in non-specialised stores with food, beverages or tobacco predominating, as well as retail sale via mail order houses or via the internet.

The company’s website, while minimal, highlights its focus on convenience retail. It's not a sprawling e-commerce platform, but rather a simple online presence likely supporting its physical store operations. There's no obvious indication of a secondary business line or diversification efforts.

Financially, Sn Forecourts Ltd’s recent performance paints a mixed picture. Cash bank on hand has fallen significantly, dropping 61% to £11,000. Trade debtors have increased dramatically, jumping 120% to £29,000, which could indicate difficulties in collecting payments or a shift towards offering credit to customers. Creditors have also decreased by nearly 11%, suggesting improved management of short-term liabilities. Equity, however, has continued its downward trend, falling another 12% to -£27,000. The company’s small size (meeting two of three conditions for a small company) allows it to remain nimble, but the ongoing decline in equity is a concern. Net current assets and liabilities have also seen a significant change, turning from negative to positive.

The lack of an auditor mentioned (likely exempt as a small company) means the figures are unaudited, and the accounts are abridged. Overall, Sn Forecourts Ltd appears to be navigating a challenging financial landscape, with signs of both improvement and ongoing pressure. It’s a small operation, and its future likely hinges on maintaining a loyal customer base and managing its cash flow effectively.

Registered in England/Wales under the registration number 11229067, with a registered address at M8 8PY, England, Manchester, 109 Cheetham Hill Road.

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