Stax Group Limited

Stax Group Limited, based in Leicester, UK, is a small, active company founded seven years ago in 2018. With two employees and £47,902 in assets, it operates from a virtual address shared by over fifty other companies. The company is led by two directors and two owners, Gibson Nicola Jane and Piggin Anna Louise. Stax Group Limited is an irregular importer of furniture, lighting, and prefabricated buildings, with two months of import activity recorded, and an irregular exporter of iron or steel products, with one month of export activity. It also provides warehousing and storage services for land transport activities.

The company’s website reveals it’s a leading UK cash and carry wholesaler, supplying trade professionals nationwide. It boasts a vast range of products, from garden supplies and kitchen appliances to electricals and building materials, catering to independent retailers and tradespeople. Five branches are located across the country, including Manchester, Birmingham, Leeds, Bristol, and Glasgow. The website also highlights a range of own-brand products like SupaDec, Ambassador, and Groundsman, emphasizing quality and affordability.

Financially, Stax Group Limited shows a concerning trend. Current assets have plummeted by 69%, falling to £48,000, while net assets have experienced an even more dramatic drop, decreasing by 99% to just £400. Bank borrowings have also increased, though not as significantly. Cash reserves have fallen by 77%, and creditors have decreased, suggesting better debt management. The company meets the criteria to be considered small, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. With no auditor mentioned, the financial statements are unaudited.

The sharp decline in net assets and cash reserves raises questions about the company’s financial health, and it's clear that Stax Group Limited is facing challenges. Despite this, the company’s extensive product range and nationwide presence suggest a continued focus on serving the trade market.

Registered in England/Wales under the registration number 11265283, with a registered address at LE1 7RU, United Kingdom, Leicester, Leicestershire, Granville Hall, Granville Road.

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