Uk-lures Ltd

Uk-Lures Ltd from Birmingham UK: a small, active company founded 10 years ago, employs just one person, and holds £13,734 in assets. It’s a solo-founded operation with a real address and a single director and owner. The company operates an e-commerce site, selling fishing lures and accessories.

The company’s website, Fishing Lures Ltd, showcases a wide range of products from various brands like BFT, Strike Pro, and Westin. It’s a comprehensive online store catering to anglers, with sections dedicated to product type, brand, and even sea fishing. The site has a clean, modern design and includes sales promotions and a newsletter subscription. It’s clear that the company is focused on providing a convenient online shopping experience for fishing enthusiasts.

Financially, Uk-Lures Ltd’s numbers are a bit concerning. Current assets have increased slightly to £14,000, but net assets have decreased significantly to -£29,000. Cash on hand has also dropped to £4,000. Creditors have risen to £43,000, and trade debtors remain at £1,600. The company’s small size (meeting two of three criteria for a small company) helps with agility, but the negative equity and rising debts suggest it’s burning through cash. There’s no mention of an auditor, which is typical for small companies, so the figures are unaudited. It seems like the business is struggling to turn a profit, despite its active online presence. It’s possible that increased marketing expenses or supply chain issues are contributing to these challenges.

Registered in England/Wales under the registration number 09235806, with a registered address at B37 6RY, Birmingham, 50 Brook Farm Walk.

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