Workgloves Direct Ltd

Blackburn Safetywear Ltd from Haywards Heath UK is a small company with an active status, founded 16 years ago. It’s a solo founder operation employing just one person and holding £24,712 in assets. The company operates from a virtual address, registered at a location shared by thirteen other businesses, and is overseen by one director and owner.

Blackburn Safetywear Ltd primarily operates in the retail sale via mail order houses or via internet industries. It's a small company, meeting two of the three criteria: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees. The company’s website, Blackburn Market, is a traditional market open six days a week, offering a wide range of local shopping, fresh produce, and expert traders. While the company’s name suggests a focus on safetywear, the market website promotes family fun events and prize draws, indicating a broader community focus.

Financially, Blackburn Safetywear Ltd presents a mixed picture. Current assets have increased by a modest 2.6% to £25,000, but net assets have decreased significantly by 23% to -£50,000. Bank borrowings have remained steady at £3,200, while trade debtors have improved by 6.5% to £4,000. Creditors have decreased by 38% to £8,300. The lack of employees (one reported) suggests a lean operation, and with no auditor mentioned, the financial statements are unaudited.

The company's declining net assets are a cause for concern, suggesting it's burning through cash faster than it's generating revenue. However, the improvements in trade debtors and creditors suggest better management of short-term liabilities. The dual focus on safetywear and the Blackburn Market indicates a desire to diversify and engage with the local community, which could potentially bolster its financial health in the long run.

Registered in England/Wales under the registration number 06670169, with a registered address at RH17 5QT, Haywards Heath, West Sussex, Bolney Place Cowfold Road, Bolney.

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