Spellbound From England Ltd

Spellbound From England Ltd, based in Wembley, UK, is a small, active company established ten years ago. With nine employees and £477,439 in assets, it operates from a virtual address—a detail flagged by the fact that twenty-four other companies are registered at the same location. The business is led by two directors and one owner, and currently holds a stellar 5.0-star Google rating based on thirty reviews.

The company specializes in retail sales via mail order and internet, offering a range of products. While the specifics of their offerings aren't detailed, their website, if it existed, would likely showcase their online store and delivery options.

Financially, Spellbound From England Ltd presents a mixed picture. Over the past year, cash reserves have fallen by a significant 68%, dropping to £48,000. Bank borrowings have also decreased, falling 48% to £31,000. However, trade debtors have increased by 6.2%, reaching £38,000, which could be a sign of customers taking longer to pay. On a more positive note, creditors have decreased slightly by 8.8%, suggesting better management of short-term debts. The company's net assets have also declined by 5.6%, settling at £390,000. It’s a small company, meeting two of three criteria for classification: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees.

The company's financial statements are unaudited, as is common for small entities. The significant drop in cash reserves, however, warrants attention. Whether this is a temporary fluctuation or a longer-term trend remains to be seen—perhaps linked to increased inventory levels, as evidenced by the 240% increase in total inventories. The company’s directors, Kadam Tejalben Vaibav and Kadam Vaibav Vijay, will need to keep a close eye on cash flow to ensure the business can continue operating smoothly.

Registered in England/Wales under the registration number 09050112, with a registered address at HA9 8HB, Wembley, Middlesex, 72 Wembley Park Drive.

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