We Supply Group Ltd

We Supply Group Ltd from Newton Abbot, UK, is a small, active company founded two years ago. Employing three people, it operates an e-commerce site selling fixings, fasteners, and tools, boasting a 3.0 Google rating from just two reviews. The company is registered at a real address and has two directors and one owner.

The website, wesupplyfixings, offers a comprehensive range of products, from screws and fasteners to builders metalwork and safety equipment. It’s clear they cater to a trade audience, with sections dedicated to builders, plumbers, and electricians. The site’s extensive product listings and detailed descriptions suggest a well-stocked inventory and a focus on meeting the needs of professionals. They even offer a range of Fischer and Rawlplug products, alongside their own branded items.

Financially, We Supply Group Ltd’s situation appears somewhat precarious. Net assets have declined significantly, dropping from -£34,000 to -£77,000. Cash bank on hand has remained steady at £1,200, but creditors have increased to £97,000. Trade debtors are at £12,000. While the company meets the criteria for a small business (turnover under £10.2m, assets under £5.1m, and fewer than 50 employees), the negative equity raises concerns. The company is supported through loans from an associated company, Thomas Brothers Holdings Ltd, and has received assurances that these will continue. The directors believe any foreseeable debts can be met for at least 12 months. The accounts are unaudited, and no auditor is mentioned.

Overall, We Supply Group Ltd is a small e-commerce business facing financial challenges, but supported by an associated company. Their wide product range and focus on the trade market suggest potential for growth, but they'll need to carefully manage their finances to ensure long-term sustainability.

Registered in England/Wales under the registration number 14536376, with a registered address at TQ12 4PB, England, Newton Abbot, 1 Brunel Road.

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