Ucs Wholesale Ltd

Ucs Wholesale Ltd is a small, active company based in Oldham, UK, founded six years ago in 2019. With £1,225,641 in assets and a real registered address, it employs five people and is managed by two directors and one owner. The company operates an e-commerce site and is an irregular importer of furniture, lighting, and prefabricated buildings, with just one month of import activity recorded as of July 2020.

The company’s core business appears to be acting as agents involved in the sale of a variety of goods, suggesting a role in connecting suppliers and retailers. While no specific website details are available, the e-commerce presence indicates a focus on online sales. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but also presents challenges.

Financially, Ucs Wholesale Ltd shows a mixed picture. Current assets increased by a significant 70% to £1,200,000, a positive sign. However, net losses deepened, with equity decreasing. Cash bank on hand increased to £25,000, a welcome boost. Creditors also increased, suggesting a reliance on trade credit. Investments fixed assets increased substantially, indicating potential expansion or new equipment purchases. The company’s small size exempts it from an audit, so the figures are unaudited.

While the company’s assets are substantial, the increased creditors and losses suggest it may be burning through cash. The irregular import activity and reliance on trade credit could be contributing factors. The directors, Torino Flavio and Torino Antonio, face the challenge of balancing growth with financial stability—but the company’s e-commerce presence and asset base provide a foundation for future success.

Registered in England/Wales under the registration number 11765421, with a registered address at OL8 3SU, England, Oldham, 20 Burder Street.

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