Taylors Shoes Limited

Taylors Shoes Ltd from Nottingham UK: a small, active company founded six years ago, is facing some challenges. Accounts and confirmation statements are overdue for a year, and with just three employees and £106,598 in assets, it’s a modest operation. The company, a family business with one director and two owners, maintains a virtual address, which is a little unusual, and has a respectable Google rating of 4.0 based on ten reviews. It's an irregular importer, bringing in jewelry, precious stones, and metals, with the last import activity recorded two months ago.

The company operates in the retail sale of footwear in specialised stores, and its website is currently unavailable, so it's difficult to determine if it’s an e-commerce business.

Financially, Taylors Shoes Ltd is showing some concerning trends. While current assets increased slightly to £110,000, equity has plummeted by 61%, dropping to just £6,300. Bank cash has also fallen significantly, decreasing by 83% to £1,400. Creditors have increased, with those due within a year rising by 73% to £82,000. 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 nimble, but the sharp drop in equity suggests it's burning through cash. There's no auditor mentioned, likely due to its small size, so the financial information is unaudited.

The company's reliance on creditors to cover its expenses could be a sign of financial strain, and the decrease in cash reserves is a worrying trend. It’s possible the company is investing in inventory or expanding its operations, but without further information, it’s difficult to say for sure.

Registered in England/Wales under the registration number 11801604, with a registered address at NG16 3PA, England, Nottingham, 1 Derby Road, Eastwood.

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