Trade Price Deals Limited

Trade Price Deals Ltd from Longhope UK: a small, active company founded four years ago, employs five people, and holds £349,067 in assets. It's a solo-founded operation with two directors, operating an e-commerce site and boasting a stellar 5.0 Google rating from eight reviews. The company is an irregular importer of furniture, lighting, and prefabricated buildings, with the latest import activity occurring two months ago.

The company's website showcases a vast array of industrial storage solutions, racking systems, lockers, office furniture, and material handling equipment. It's a one-stop shop for businesses needing to equip their warehouses, offices, and workshops. The site also offers a range of safety and security products, including barriers, signage, and fire extinguishers. It’s clear they’re aiming for a broad customer base, offering everything from basic shelving to specialized equipment.

Financially, Trade Price Deals Ltd presents a mixed picture. Current assets have decreased by 15%, dropping to £350,000, while net assets have declined by 29%, settling at -£690,000. Bank borrowings have completely disappeared, a positive sign, but cash reserves have plummeted 90%, leaving just £2,000. Creditors have also decreased, which is good, but the substantial equity loss is concerning. The company meets two of the three conditions to be considered small (turnover under £10.2m, assets under £5.1m, and fewer than 50 employees). With no auditor mentioned, the figures are unaudited.

The company's irregular import activity suggests a flexible sourcing strategy, but the financial strain raises questions about its sustainability. While the e-commerce site appears well-stocked and user-friendly, the declining equity and cash reserves need to be addressed. It’s likely that the company is burning through money, but it’s also possible that the recent investments in inventory or marketing are temporary.

Registered in England/Wales under the registration number 12809304, with a registered address at GL17 0QG, United Kingdom, Longhope, Unit 10d Longhope Business Park.

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