Uk Custom Covers Limited

Uk Custom Covers Ltd from Fareham UK: a small, active company founded 19 years ago, employs 21 people, and holds £2,378,088 in assets. It’s a real address, run by three directors and two owners, and operates as a family business. The company regularly imports textile products, sets, used clothing, and rags (for 29 months), and exports vehicles, parts, and accessories (excluding trains and trams) for three months.

The company’s website showcases a wide range of car covers, seat covers, floor mats, and other motoring accessories. It's clear they're focused on e-commerce, offering tailored products for various vehicle makes and models. They even provide custom embroidery options, allowing customers to personalize their purchases. The site emphasizes quality, customer service, and a 12-month warranty—all standard for a successful online retailer. They also have a showroom reveal cover section, which is quite interesting.

Financially, Uk Custom Covers Ltd shows some interesting trends. Total assets increased by 13%, reaching £2,400,000, while net assets decreased by 12% to £240,000. Bank borrowings increased by 17%, reaching £870,000, and cash reserves fell 53% to £41,000. Creditors increased by 52%, reaching £2,400,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay nimble, but the equity drop is a bit concerning. The company has no auditor mentioned, likely exempt as a small company.

The increase in bank borrowings suggests the company may be investing in growth or managing cash flow challenges. The decrease in cash reserves, combined with the increase in creditors, indicates a need to carefully monitor expenses and ensure timely payments. Despite these challenges, the company’s focus on custom products and online sales positions it well for continued success, although it’s important to keep a close eye on these numbers.

Registered in England/Wales under the registration number 05772069, with a registered address at PO16 8XD, England, Fareham, Unit 43 Standard Way.

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