The Neighbourhood Locksmiths Ltd

The Neighbourhood Locksmiths Ltd is a small, active company based in Coventry, UK, founded two years ago in November 2022. It’s a solo venture, run by a single director and owner, Badescu Stelian-victor, and holds just £37 in assets. With a real address and a yearly revenue of £4,197, the company operates in the building completion and finishing and retail sale industries.

The Neighbourhood Locksmiths Ltd’s website showcases a range of locksmith services, from emergency call-outs and lock replacements to security upgrades and uPVC door window repairs. It’s clear they’re targeting both residential and commercial clients, emphasizing fast response times and competitive pricing. They even offer a 24/7 emergency service, which is a big plus.

Financially, things are a little more complex. While turnover increased by a respectable 36% to £4,200, the company experienced significant losses. Net assets dropped by 6.9% to £27, and cash reserves fell by a substantial 5.1% to £37. Bank borrowings are not mentioned, but the decrease in cash suggests potential financial strain. Trade debtors increased, which could indicate delayed customer payments. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and zero employees. There's no mention of an auditor, which is typical for small companies.

It's likely the company is still navigating the challenges of a startup, investing in growth and building its customer base. The decrease in profits could be due to increased operating expenses, such as marketing or staff training. It's also possible that the company is experiencing seasonal fluctuations in demand. The fact that they are still operating and receiving positive reviews suggests they have a solid foundation, but they'll need to carefully manage their finances to ensure long-term sustainability.

Registered in England/Wales under the registration number 14504714, with a registered address at CV6 4HU, England, Coventry, 36 Broome Croft.

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