Welcome General Store Limited

Welcome General Store Limited from Manchester UK: small company, active status, founded 8 years ago, 3 employees, £198,323 assets, real address, 1 director, 1 owner. It’s a small business, meeting two of three conditions to be classified as such: turnover less than £10.2 million, balance sheet total less than £5.1 million, and fewer than 50 employees. The company was incorporated on October 19, 2016, and operates from a real address at 106 Great Western Street, Manchester, M14 4RA, a location shared by only one other business. It’s a tight-knit operation with one director and owner, Rasheed Imran, at the helm.

The business focuses on retail, specifically the sale of food, beverages, or tobacco in non-specialised stores, as well as mail order and internet sales. While a dedicated website isn’t apparent, the business model suggests a focus on accessible, everyday goods. It's a fairly standard retail operation, catering to local demand.

Financially, Welcome General Store Limited presents a mixed picture. While current assets increased by 14% to £200,000, net assets decreased by 11% to -£45,000. Bank borrowings increased by 30% to £54,000, and creditors also rose by 30% to £54,000. A concerning trend is the 70% drop in trade debtors, suggesting potential issues with customer payments. Cash on hand remained steady at £720. The company’s small size and lack of an auditor (likely exempt) means the figures are unaudited.

Overall, Welcome General Store Limited seems to be navigating a challenging environment. The increase in bank borrowings and creditors, coupled with the negative equity, suggests the business is burning through cash. It's a common situation for small retailers, and whether the company can turn things around will depend on its ability to manage costs and attract customers.

Registered in England/Wales under the registration number 10454083, with a registered address at M14 4RA, England, Manchester, 106 Great Western Street.

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