Why Not Shop Uk Ltd

Why Not Shop Uk Ltd, based in Merthyr Tydfil, UK, is a small, active company established six years ago. Employing just two people, it holds £17,169 in assets and operates from a real address within St Tydfil Indoor Market. With one director and one owner, the company runs an e-commerce site and enjoys a stellar 5.0 Google rating based on five reviews.

The company specializes in retail sales of cosmetic and toilet articles, fashion accessories, and fancy dress costumes, as well as homewares and gifts. Its website showcases a wide range of products, from magic color-changing lipsticks to cowboy hats, catering to diverse tastes and occasions. It also offers a Welsh shop with Welsh gifts and souvenirs. The site emphasizes competitive pricing, fast shipping, and excellent customer service, with a "Welcome to Why Not Shop" message from the managing director, Steve Morgan.

Financially, Why Not Shop Uk Ltd presents a mixed picture. Current assets have seen a remarkable increase of 150%, jumping to £17,000, while equity has surged by an impressive 4,000%, reaching £8,900. Cash bank on hand has also increased significantly, up 39% to £8,900. However, creditors have also risen by 30% to £9,200. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The accounts are abridged and unaudited, and no auditor is mentioned.

It’s clear the company is experiencing growth, with a substantial increase in assets and equity. However, the rise in creditors suggests it may be relying on credit to fuel this expansion, which could pose a risk in the long run. The company’s success seems to be driven by its diverse product range and strong online presence, but careful management of its finances will be essential to ensure its continued growth.

Registered in Wales under the registration number 11483041, with a registered address at CF47 8EN, Wales, Merthyr Tydfil, Mid Glamorgan, Units 27 & 28 St Tydfil Indoor Market, St Tydfil Square Shopping Centre.

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