Toucan Trade Ltd

Toucan Trade Ltd from Scunthorpe UK is a small, active company founded six years ago in December 2018. It employs just two people and operates from a real address, managed by two directors and two owners, making it a family business. The company meets the criteria to be considered small, having turnover less than £10.2 million, balance sheet total less than £5.1 million, and fewer than 50 employees.

The business appears to operate across multiple sectors, including retail sale of games and toys, advertising agencies, and education. It’s not entirely clear what Toucan Trade Ltd’s website looks like, but it’s likely an e-commerce platform given the nature of its product offerings.

Financially, Toucan Trade Ltd has experienced some challenges. While it’s a small company, the numbers paint a concerning picture. Net assets and liabilities have both decreased by 2.3% to -£25,000, and cash bank on hand has vanished completely, dropping 100% to zero. Creditors have increased significantly, rising 180% to £25,000, while net current assets and liabilities have also seen a sharp decline, dropping 99% to -£170. The company’s retained earnings and share capital remain steady at -£26,000 and £1,000, respectively. It’s worth noting that the company’s average number of employees has fallen 100% to zero. The accounts are abridged and unaudited, and no auditor is mentioned, which is common for small companies.

These trends suggest that Toucan Trade Ltd may be struggling to generate sufficient revenue to cover its expenses. The increase in creditors and decrease in cash reserves indicate a potential cash flow problem. It’s possible that the company is facing increased competition or changing consumer preferences. The lack of employees could also be a factor, as it may limit the company’s ability to scale its operations.

Registered in England/Wales under the registration number 11731980, with a registered address at DN15 8PF, England, Scunthorpe, 98 Reginald Road.

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