Winyl Ltd

Winyl Ltd from Manningtree UK: a small, active company founded six years ago, employs three people, and holds £24,464 in assets. It’s a real address, managed by three directors and two owners, and operates an e-commerce site with a stellar 5.0 Google rating from 73 reviews. This indicates a well-regarded online business.

The company primarily operates in the retail sector, specializing in the sale of beverages, music, and video recordings, both online and through mail order. It also engages in other retail activities. The website, while not detailed, suggests a focus on curated selections and online sales.

Financially, Winyl Ltd presents a mixed picture. Accumulated depreciation on furniture and fittings increased by 14%, while motor vehicle depreciation completely disappeared—a significant shift. Bank borrowings decreased by 14%, and cash reserves fell by 16%, suggesting a tightening of funds. Creditors also decreased by 16%, which is a positive sign. The company’s small size, meeting two of three conditions (turnover under £10.2m, assets under £5.1m, and fewer than 50 employees), allows for agility, but the decline in equity—a 25% drop—is something to watch. No auditor is mentioned, which is common for small, exempt companies.

The company's net assets have decreased, which could be a result of increased investment in inventory, or a decrease in sales. The company’s owners, Worrow Whilmari and Tattam Steve, are also the directors, which is not uncommon for small businesses. The decrease in bank borrowings is a positive sign, but the decline in cash reserves suggests the company may need to manage its cash flow carefully.

Registered in England/Wales under the registration number 11329318, with a registered address at CO11 1BB, England, Manningtree, 16-18 South Street South Street.

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