Trunk Works Ltd

Trunk Works Ltd is a small, active company based in Manchester, UK, founded three years ago in June 2021. With three employees and £424,639 in assets, it operates from a real address shared by eight other companies. The company has two directors and two owners, and is classified as a small company as it meets two of three conditions: turnover less than £10.2 million, balance sheet total less than £5.1 million, and fewer than 50 employees. It’s a irregular importer of electrical machinery and equipment, with one month of import activity recorded as of January 2024, and an irregular exporter of machinery, boilers, and mechanical appliances; parts, with two months of export activity as of April 2024. The company operates in the other software publishing industries.

The company's website, trunkworks.com, is a simple online store with a focus on found and made products. The site includes an Instagram link, an "About Us" section, and a shop tab. A google map link directs visitors to the company's location. The website also mentions a Japanese company, foundandmade.jp, and provides contact information including a phone number, email address, and fax number.

Financially, Trunk Works Ltd shows some concerning trends. Cash bank on hand has increased dramatically, jumping 3,900% to £400,000, which is good news. However, current assets have decreased by 44% to £420,000. Net assets have also declined significantly, dropping 45% to £410,000. Trade debtors have increased by 25% to £26,000, and creditors have exploded by 1,600% to £44,000. The company’s equity has worsened, dropping 100% to -£680,000. While the company’s bank borrowings are unchanged, the significant increase in creditors suggests a potential cash flow crunch. The company's small size helps it stay agile, but the sharp decline in equity raises questions. No auditor is mentioned, which is likely due to its status as a small company.

In short, Trunk Works Ltd is facing some financial headwinds. The dramatic increase in cash reserves is a positive sign, but the rising debt and declining equity suggest the company is burning through money. Whether it can sustain this pace remains to be seen.

Registered in England/Wales under the registration number 13468439, with a registered address at M1 5AN, England, Manchester, Spaces Peter House, Oxford Street.

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