Vietcare Uk Ltd

Vietcare Uk Ltd, based in Bicester, UK, is a small, active company established ten years ago in 5th April 2015. It employs six people and holds assets totaling £296,103. The company operates with a single director and owner, maintaining a real registered address. While it occasionally imports footwear and related items (two months of activity), its primary focus is exporting clothing and accessories, not knitted or crocheted (three months of activity).

The company’s activities appear to center around acting as an agent for various goods, providing transportation support, and facilitating sales within the textile, clothing, fur, footwear, and leather goods industries. It’s a small business, meeting two of three conditions to be classified as such: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees.

A review of the financials reveals a mixed picture. Current assets have decreased by 8.7% to £300,000, and net assets have increased by 7.2% to £250,000. However, cash reserves have fallen significantly by 57% to £22,000, and bank borrowings have decreased by 38% to £19,000. Trade debtors have seen a dramatic drop, falling 60% to £110,000, which could indicate improved collection rates or a shift in sales terms. Interestingly, other debtors have increased significantly by 3200% to £58,000. Creditors have also decreased by 38%, suggesting better management of short-term liabilities.

The company’s small size means it’s likely exempt from an audit, and the financial statements are unaudited. The decrease in cash reserves, while concerning, could be due to increased investment in inventory, as total inventories have increased to £160,000. The company’s reliance on a single director and owner, while common in small businesses, could also present a risk if there are any unexpected changes in management.

Registered in England/Wales under the registration number 09545996, with a registered address at OX26 4LD, England, Bicester, Telford Road Ind Est, Telford Road.

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