Wigleys Shoes Limited

Wigleys Shoes Ltd from Derbyshire UK: a small, active company founded 18 years ago, employs nine people, and holds £152,096 in assets. It’s a family business with three directors and two owners, boasting a perfect 5.0 Google rating from 18 reviews. They regularly import footwear and related items, with the last import operation occurring four months ago in September 2022.

The company operates as a shoe and clothing retailer, with a real address at DE6 1GP, Ashbourne. Its status is active, and it’s a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, employees less than 50. The company’s website is not available, so it’s unclear if they operate an e-commerce site.

Financially, Wigleys Shoes Ltd shows some interesting trends. Cash bank on hand increased by a whopping 140%, jumping to £32,000, while creditors rose by 24% to £72,000. Trade debtors decreased by 13%, suggesting better payment collection. Despite a 2200% increase in other creditors, the company’s net assets increased by 19% to £90,000. The company’s bank borrowings remained steady at £10,000. It's worth noting that the company's accounts are unaudited and are filleted, meaning they're simplified to meet the requirements for small companies.

While the company's financial health appears stable, the rise in creditors could be a sign of increased operating expenses or investments in inventory. The lack of an auditor mentioned, which is likely due to its small size, means the figures are reliant on director-reported data. Overall, Wigleys Shoes Ltd seems to be holding its own, but it will be interesting to see how it navigates the challenges of the retail market in the coming years.

Registered in England/Wales under the registration number 06010882, with a registered address at DE6 1GP, Derbyshire, The Old Vicarage, 51 St John, Street, Ashbourne.

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