Toptoys2u Limited

Toptoys2u Ltd from Cardiff UK: a small, active company founded 18 years ago, is facing some financial headwinds. With 13 employees and £506,447 in assets, the business operates an e-commerce site and regularly imports toys, games, and sports equipment – 16 months worth, with the last import in November 2023. It also exports these items, though less frequently, with just two months of export activity recorded, ending in February 2023. The company is owned and directed by two individuals, and has a real address, which is probably real as only one company registered at the address.

The business’s website is not available, so it’s hard to determine what they are doing.

Looking at the financials, there's a mixed picture. Bank borrowings have increased significantly, rising by 19% to £48,000, and overdrafts are up too, reaching £33,000. Cash reserves have vanished completely, falling 100% to zero. While merchandise increased by 20% to £500,000, creditors have also risen by 46% to £160,000. Perhaps the most concerning trend is the sharp decline in equity, which plummeted 93% to just £3,400. The company’s small size – meeting two of three conditions for being a small company – helps it stay agile, but the equity drop is a red flag. The accounts are unaudited, which is normal for a small company, and the directors list was changed three months ago, which is a good sign. The company is probably trying to sell something.

Registered in England/Wales under the registration number 06133080, with a registered address at SA1 4AW, Swansea, Mcalister & Co Insolvency Practitioners Limited, 10 St. Helens Road.

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