Step Up Retail Limited

Step Up Retail Ltd from Peterborough, UK, is a small, active company founded 23 years ago in 2002. With 18 employees and £361,064 in assets, it’s a family business operating from a real address and managed by three directors and two owners. The company has a Google rating of 3.0 based on 38 reviews. It's a regular importer of clothing and accessories, not knitted or crocheted, with 45 months of import activity recorded.

The company’s website, The7.co.uk, functions as a directory listing businesses across the UK, allowing customers to select a city and find local retailers. It appears to be a business-to-business listing service rather than a direct e-commerce platform for Step Up Retail Ltd itself. The website lists a wide range of categories, from ladies' clothes shops to piano restoration services, suggesting a diverse range of businesses are listed. The website also lists associated companies, including Eastex and River Island Clothing Co, implying a network of related businesses.

Financially, Step Up Retail Ltd shows some concerning trends. Current assets increased by 13% to £410,000, which is good, but net assets rose just 3.2% to £160,000. Bank borrowings surged by 62% to £45,000, and creditors increased significantly, with non-financial instruments rising 210% to £290,000. Cash reserves, however, increased by 49% to £230,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain flexible, but the increase in debt raises questions. The company is exempt from an audit as a small company, so the figures are unaudited.

It’s clear that Step Up Retail Ltd is facing some financial pressure, despite the increase in cash reserves. The company’s listing service, The7.co.uk, seems to be a separate venture, and its success may be vital for the long-term viability of Step Up Retail Ltd.

Registered in England/Wales under the registration number 04385336, with a registered address at PE1 1TB, United Kingdom, Peterborough, Cambridgeshire, 16-17 Midgate.

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