The Snap Agency Ltd

The Snap Agency Ltd is a small, active company based in Warrington, UK, founded eight years ago in September 2016. With five employees and £79,955 in assets, it operates from a real address at 35 Pangbourne Close, Appleton. The company is led by one director and owner, Spencer Lloyd Alexander. It’s an irregular importer, primarily dealing in various textile products, sets, used clothing, and rags, with its last import operation recorded one month ago in April 2021. The company operates in the other information technology service activities industries.

The Snap Agency Ltd’s website is currently unavailable, making it difficult to ascertain the precise nature of its online presence. However, the company’s registration details suggest a focus on digital services, possibly including web design or IT support. Given the lack of a functioning website, it’s unlikely the company engages in e-commerce.

Financially, The Snap Agency Ltd presents a mixed picture. While current assets have increased by a healthy 40% to £80,000, indicating improved liquidity, the company’s equity has plummeted by 100% to just £10, resulting in net assets of just £10. This drastic decline in equity, coupled with a 60% increase in trade debtors to £67,000, suggests potential cash flow issues. Bank borrowings remain stable, and creditors have decreased slightly. The company’s small size (meeting two of three criteria for a small company) allows for flexibility, but the significant equity drop warrants closer scrutiny. The company’s financial statements are unaudited and exempt from audit, relying on director-reported data. Cash bank on hand has decreased by 15%, and property plant equipment has fallen by 54%.

Overall, The Snap Agency Ltd appears to be navigating a period of financial strain, despite positive trends in current assets. The company’s reliance on trade debtors and the sharp decline in equity raise concerns about its long-term sustainability.

Registered in England/Wales under the registration number 10388685, with a registered address at WA4 5HJ, England, Warrington, Cheshire, 35 Pangbourne Close Appleton.

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