The Good For Group Ltd

The Good For Group Ltd from Chester UK: a small, active company founded four years ago, is facing some financial headwinds. With just one employee and £46,951 in assets, the company operates in the retail sale via mail order houses or via internet, specializing in bespoke interiors and property development. It’s a tight-knit operation with three directors and two owners, including a solo founder. Accounts are overdue by six months, and confirmation is a year behind, which isn’t ideal.

The company’s website, “Good because we care,” showcases a high-end business focused on crafting refined living spaces in the Cotswolds and beyond. They offer a range of services, from barn estate conversions to sustainable living and interior styling, all delivered with a focus on quality and craftsmanship. It’s clear they’re targeting a discerning clientele willing to invest in exceptional homes. They even have a showroom in Harrods, London.

However, the financial data paints a less rosy picture. While turnover is not available, net assets have plummeted by a staggering 1,400%, dropping from -£24,000 to -£92,000. Cash reserves have also taken a hit, falling 89% to just £5,800. Trade debtors have increased significantly by 300%, suggesting potential issues with customer payments. On the positive side, creditors have decreased by 16%, which could indicate better management of short-term liabilities. The company's small size (meeting two of three conditions for a small company) allows for agility, but the substantial equity decline raises concerns about its long-term viability. With no auditor mentioned, the figures are unaudited, relying on director-reported data.

In short, The Good For Group Ltd is currently navigating a challenging financial period. While its high-end property development business appears strong, the underlying financials suggest it’s burning through cash and needs to address its equity position. It’s a situation that requires careful attention and a strategic plan to ensure its future success.

Registered in England/Wales under the registration number 12940055, with a registered address at CH1 4LY, England, Chester, Smashed Grapes, Unit 5, Sealand Industrial Estate.

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