Useful Stuff Ltd

Useful Stuff Ltd from Tiverton UK: a small, active company founded 25 years ago, operates with a single employee and holds £40,943 in assets. It’s a solo founder’s project, managed by three directors and owned by Murray Alyson Julie. The company imports iron or steel products irregularly, with its last import operation dating back to February 2016.

The company’s website, Really Useful Products Ltd, welcomes visitors to a manufacturer and distributor of the Really Useful Range of plastic storage. It offers online purchasing options for both the UK and USA, and includes a cookie policy and data protection information. The site clearly focuses on plastic storage solutions, suggesting a retail operation centered around a specific product line. It’s a mobile-friendly site, which is good.

Financially, Useful Stuff Ltd presents a mixed picture. Accumulated depreciation on computer equipment increased by 9.2%, while cash bank on hand saw a remarkable 520% increase to £2,700. However, net assets decreased by 26% to -£47,000, and net current assets liabilities jumped 74% to -£30,000. Bank borrowings increased by 16% to £23,000, and trade debtors rose by 54%. The company’s small size—meeting two of three criteria for a small company—helps it remain flexible, but the drop in equity is a concern. The unaudited figures, overseen by Withers Steele Chartered Accountants, rely on director-reported data. It's a bit worrying that creditors have increased.

Overall, Useful Stuff Ltd seems to be navigating a challenging period. While cash reserves have improved, the decline in equity and increase in liabilities suggest it’s burning through money. The company’s reliance on a single product line—plastic storage—could make it vulnerable to market changes.

Registered in England/Wales under the registration number 03937122, with a registered address at EX16 6PT, England, Tiverton, Quayside House, 5 Highland Terrace.

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