Wingfield Digby Limited

Wingfield Digby Ltd from Horsham UK: a small, active company founded ten years ago, employs two people, and holds £160,874 in assets. It operates from a real address, is managed by one director and one owner, and runs an e-commerce site. The company regularly imports miscellaneous metal items, with seven months of import activity recorded, the last in 2019. 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, and employees less than 50.

The company’s website, Wingfield Digby Shop Online, showcases a range of luxury gifts inspired by nature, including serving trays, tableware, and home décor items. It offers a wide selection of products, catering to diverse tastes and preferences, and ships worldwide. The site is well-designed and user-friendly, with clear product descriptions, high-quality images, and a secure checkout process. It even offers a 10% discount with the code EASTER10!

Financially, Wingfield Digby Ltd’s numbers paint a mixed picture. Current assets decreased by 16% to £160,000, while net assets also fell by 14% to £120,000. Bank borrowings were stable, but cash reserves dropped 13% to £110,000. Trade debtors decreased significantly, suggesting improved collection efforts, but creditors also fell, which could indicate a need to negotiate better payment terms. The company’s small size and lack of employees (just one reported) keeps overheads low, but the decline in equity raises concerns about its long-term financial health. No auditor is mentioned, which is common for small, exempt companies.

Overall, Wingfield Digby Ltd appears to be a niche retailer with a strong online presence, but its financial performance needs careful monitoring. The company’s focus on luxury gifts and its commitment to quality could help it weather any economic headwinds, but it’s important to ensure that it maintains a healthy cash flow and manages its debts effectively.

Registered in England/Wales under the registration number 09418475, with a registered address at RH13 6HT, England, Horsham, Lythmere Grouse Road, Colgate.

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