Thomas & George Ltd

Thomas & George Ltd, based in St. Helens, UK, is a small, active company founded eight years ago. It operates as an e-commerce business with a single employee and holds £4,985 in assets, using a virtual address. The company is led by one director and one owner, and its registered address is WA10 2TF, England, St. Helens, 54-56 Ormskirk Street, which is likely virtual as 159 companies share the same address.

The company’s website, Thomas George, specializes in selling bold and minimal watches for men, sunglasses, and accessories. It boasts a range of styles, including automatic skeleton watches and retro sunglasses, and offers free shipping over £50. The site also features a "Your Own Watch Collection" promotion, encouraging customers to buy multiple watches for a discounted price. There's also a wallet collection, and a newsletter signup.

Financially, Thomas & George Ltd shows some concerning trends. Cash reserves fell by a significant 79% to £4,700, while current assets plummeted 80% to just £5,000. Debtors have vanished entirely, a big change from the previous year. However, creditors have decreased dramatically by 88%, suggesting improved debt management. Equity, on the other hand, has increased by 170% to £2,100. The company meets the criteria for a small business, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. With no auditor mentioned, the financial statements are unaudited.

Overall, Thomas & George Ltd appears to be struggling financially. The sharp decline in assets and cash reserves, coupled with the absence of debtors, indicates potential cash flow issues. While the company’s e-commerce site seems well-designed and actively marketed, it’s unclear whether it can generate enough revenue to offset these challenges. The increase in equity, however, suggests that the owner has invested more capital into the business, which could provide a temporary buffer.

Registered in England/Wales under the registration number 10552660, with a registered address at WA10 2TF, England, St. Helens, 54-56 Ormskirk Street.

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