Uk Wedding Centres Ltd

Uk Wedding Centres Ltd is a small, active company registered in London, UK, founded ten years ago in December 2014. It holds £290,517 in assets and operates from a virtual address shared by twenty-seven other companies, a fact that raises some questions. The company is run by one director and one owner, Phebey Graham Stephen, and employs no staff. It regularly imports clothing and accessories, not knitted or crocheted, with 15 months of import activity recorded, the last operation in February 2023.

The company’s website is currently unavailable, so it’s difficult to determine the exact nature of its operations. However, it’s listed as operating in the “other business support service activities n.e.c.” industries, suggesting a broad range of services.

Financially, Uk Wedding Centres Ltd presents a concerning picture. Current assets have plummeted by 50%, dropping to £290,000, and net assets have fallen dramatically by 92%, leaving only £830. Cash reserves have also taken a hit, decreasing by 80% to just £30,000. Bank borrowings have decreased by 31%, which is a positive sign, but the sharp decline in equity is a red flag. Debtors have also decreased by 29%, which could indicate issues with collecting payments. 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 agility, but the significant equity erosion suggests it’s burning through cash. As a small company, it is exempt from an audit, so the figures are unaudited.

The company's financial situation seems precarious. While it may be able to weather this storm, the sharp decline in equity and cash reserves warrants close monitoring.

Registered in England/Wales under the registration number 09364700, with a registered address at NW6 2EG, United Kingdom, London, C/O Goldwins, 75 Maygrove Road.

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