Tv Village Ltd

Tv Village Ltd, based in Hamilton, UK, is a small company with an active status, having been founded fifteen years ago in 2009. With three employees and £1,117,906 in assets, it operates from a virtual address—a detail highlighted by the fact that 154 companies are registered at the same location. The company is led by one director and owned by Palmer Stephen Mark, who also serves as the director. It runs an e-commerce site and regularly imports electrical machinery and equipment, with the last import operation occurring seven months ago in July 2022. Customers rate it 4.0 on Google based on four reviews.

The website showcases a range of televisions and accessories, primarily from British brands Cello and Ferguson. It offers a diverse selection, from compact 16-inch screens to expansive 75-inch displays, catering to various viewing preferences and even offering 12-volt options for caravans. Beyond TVs, the site also sells kitchen appliances like toasters and kettles, further expanding its product range. The site emphasizes British-made products and offers free UK delivery, a 30-day return policy, and a customer service team based in the UK.

Financially, Tv Village Ltd’s report paints a mixed picture. Accumulated depreciation for plant and machinery increased significantly by 2600%, while bank borrowings surged by 1100%, reaching £41,000. Cash reserves, however, decreased by 74%, falling to just £1,900. Creditors also increased by 27%, reaching £1.2 million. The company’s net assets plummeted by 9200%, resulting in a negative equity of -£35,000. While the company meets the criteria to be considered small—with turnover less than £10.2 million, assets under £5.1 million, and fewer than 50 employees—the sharp decline in equity and cash reserves raises concerns. The report doesn't mention an auditor, likely due to the company's small size and exemption from an audit. The increase in bank borrowings suggests the company may be burning through cash faster than it’s generating revenue, but it’s difficult to say for sure without more detailed information.

Registered in Scotland under the registration number SC368556, with a registered address at ML3 6DA, Hamilton, South Lanarkshire, 29 Brandon Street.

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