Target Uk Wholesale Ltd

Target Uk Wholesale Ltd, based in London, is a small, active company established six years ago. It employs four people and holds £948,807 in assets, operating from a real address. With two directors and one owner, the company boasts a perfect 5.0-star Google rating based on two reviews. It’s a regular importer of drinks, alcohol, and vinegar, with 19 months of import activity recorded, the latest in July 2023.

The company’s website, Target Components Ltd, is a comprehensive online retailer specializing in computer components, peripherals, and related products. It offers a vast selection, from processors and motherboards to keyboards, mice, and networking equipment. The site also includes a custom PC builder tool, allowing customers to configure their own systems. It’s clear the business is focused on catering to both individual consumers and businesses seeking hardware solutions.

Financially, Target Uk Wholesale Ltd presents a mixed picture. While current assets have increased by a significant 140% to £950,000, net assets have surged 260% to £74,000. Cash bank on hand, however, has dipped slightly by 4.8% to £110,000. Creditors have more than doubled, increasing by 110% to £970,000, and trade debtors have jumped by 240% to £260,000. The company’s employee count has dramatically increased from four to thirteen—a 220% rise—which could be a sign of expansion or increased workload. Depreciation charges have also risen substantially, increasing by 340% to £27,000. As a small company (meeting two of three criteria), it’s exempt from an audit, and the figures are unaudited.

The substantial increase in both creditors and debtors suggests the company may be experiencing cash flow challenges, possibly due to extended payment terms or increased purchasing to meet demand. The rise in employees, while positive for operations, could also be putting pressure on profitability. While the company’s strong asset base and growing revenue are encouraging, careful management of working capital will be crucial for sustained success.

Registered in England/Wales under the registration number 11887795, with a registered address at E10 7QN, England, London, 24 Rigg Approach.

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