Wigglebug Ltd

Wigglebug Ltd from Castleford UK: a small, active company founded two years ago, employs five people, and holds £542,784 in assets. It’s a solo-founded operation with one director and owner, Singh Jaswinder, and operates from a real address. The company is an irregular importer, primarily dealing in clothing and accessories that aren’t knitted or crocheted, with the last import occurring just one month ago in November 01, 2024.

The company’s website is currently unavailable, making it difficult to assess its online presence and sales strategy. It appears to operate in the other retail sale in non-specialised stores industries, suggesting a broad range of products. Whether it’s an e-commerce business or relies on wholesale or other distribution channels remains unclear.

Financially, Wigglebug Ltd is showing signs of struggle. While its assets are substantial, its net assets are negative at -£73,000. This indicates that liabilities exceed assets, a concerning trend. Cash bank on hand is relatively stable at £68,000, but bank borrowings have risen, and trade debtors are substantial at £360,000, suggesting delayed customer payments. Staff costs are significant at £250,000, and depreciation charges are around £11,000. 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. There’s no mention of an auditor, likely due to its small size and exemption from an audit.

Despite the negative equity, Wigglebug Ltd’s substantial assets and relatively stable cash reserves suggest it isn’s imminently at risk. However, the company’s financial health depends on effectively managing its debts and improving its profitability. The company’s reliance on imports and its current financial situation could be influenced by global supply chain disruptions or changing consumer demand.

Registered in England/Wales under the registration number 14391711, with a registered address at WF10 1EN, England, Castleford, Wesy Yorkshire, 32a Albion Street.

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