The Petcare Factory Ltd

The Petcare Factory Ltd is a small, active family business based in Ashton Under Lyne, UK. Founded eight years ago in 2016, the company employs just two people and holds £72,879 in assets. It operates from a virtual address, registered at a shared office space, and is managed by two directors and owners, Lewis Diane Ruth and Lewis Richard. The company’s core business involves retail sales via mail order and the internet, specializing in natural pet supplements and accessories.

The company’s website showcases a wide range of products, from joint support supplements to grain-free treats and durable leads. It emphasizes high-quality ingredients and caters to various pet health needs, including digestive disorders, skin and coat health, and mental wellbeing. The site also features a blog with helpful pet health tips and promotes a mailing list for exclusive offers.

Financially, The Petcare Factory Ltd presents a mixed picture. Current assets have decreased by 29% to £73,000, while net assets have fallen by 24% to £67,000. Cash reserves have also seen a significant drop of 36%, sitting at £50,000. Trade debtors have decreased by 29%, suggesting improved collection of payments, but creditors have also fallen by 56%, which could indicate a reduction in supplier credit. The company’s small size—meeting two of three conditions to be considered small—allows for agility, but the decrease in equity raises questions about its financial health. As a small company, it’s exempt from an audit, and the financial statements are unaudited.

The drop in cash reserves and the decrease in equity are concerning, potentially indicating that the company is burning through money faster than it’s generating revenue. However, the decrease in creditors suggests that the company is managing its short-term liabilities effectively. It’s possible that the company is investing in growth initiatives, such as marketing or product development, which could explain the decrease in cash reserves.

Registered in England/Wales under the registration number 10423288, with a registered address at OL6 7FW, England, Ashton Under Lyne, Lancashire, Suite 204 Ashton Old Baths, Stamford Street West.

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