Ten-eighty (norwich) Limited

Ten Eighty Norwich Ltd from Norfolk UK: a small, active company founded 22 years ago, employs two people, and holds £136,353 in assets. It’s a solo-founded operation with one director and owner, boasting a stellar 5.0 Google rating from 71 reviews. The company irregularly imports clothing and accessories, not knitted or crocheted, with just one month of import activity recorded as of September 2022.

The company’s website, ten-eighty.co.uk, reveals a focus on sporting goods, specifically sportswear and footwear. It operates a retail store in Norwich and appears to be an e-commerce business, selling a range of brands and products. The site’s design is clean and functional, and it highlights its commitment to customer service and competitive pricing. It’s a well-presented online store, but it’s unclear how much of the business is conducted online versus in-store.

Financially, Ten Eighty Norwich Ltd presents a mixed picture. Current assets have decreased by nearly ten percent to £140,000, while net assets have fallen by eleven percent to -£190,000. Bank borrowings have increased significantly by 110%, reaching £34,000, and cash reserves have fallen by 27% to £1,200. Creditors have also increased by 3.4% to £320,000. The company meets the criteria for a small company, with turnover under £10.2m, assets under £5.1m, and fewer than 70 employees. There’s no auditor mentioned, so the financial statements are unaudited.

The company’s increased borrowings and decreased cash reserves suggest it may be burning through money. However, the company’s strong Google rating and well-designed website indicate that it has a loyal customer base and a good reputation. It's likely that the company is reinvesting in its business to grow, but it needs to manage its finances carefully to avoid getting into trouble.

Registered in England/Wales under the registration number 04694447, with a registered address at NR2 1DE, Norfolk, 6-8 Dove Street, Norwich.

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