The Necessity Limited

The Necessity Limited is a small, active company based in Southampton, UK, established nine years ago in 2016. With a real address and two directors and owners, it operates as a family business and solo-founded venture, running an e-commerce site. The company employs just two people and holds £407,796 in assets. It specializes in retail sales via mail order and internet, offering a wide range of bags, backpacks, and accessories from brands like Kipling, Herschel, and Eastpak.

The company’s website showcases a vibrant online store with regular sales and promotions, including discounts on popular brands. It offers free UK shipping over £30 and a 30-day return policy, emphasizing customer convenience. The site also features a blog with trending items and information on various brands, reinforcing its position as a go-to destination for bag enthusiasts.

Financially, The Necessity Limited presents a mixed picture. While cash reserves declined by 48% to £89,000, creditors decreased by 24% to £89,000, suggesting improved debt management. However, debtors significantly increased by 250% to £22,000, which could indicate delayed payments from customers or an expansion of credit terms. Current assets also saw a slight decrease of 4.6% to £410,000. The company’s small size—meeting two of three criteria for a small company—helps it maintain agility. No auditor is mentioned, likely due to exemption as a small company, so the financial statements are unaudited.

Overall, The Necessity Limited appears to be navigating a period of change. While the e-commerce operation remains active and well-stocked, the financial figures suggest a need for careful monitoring and strategic adjustments to ensure long-term sustainability.

Registered in England/Wales under the registration number 09937682, with a registered address at SO16 6TU, England, Southampton, Hampshire, 294 Winchester Road Upper Shirley.

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