Workwear Supermarket Ltd

Workwear Supermarket Ltd, based in Newport, UK, is a small, active company founded five years ago in 2019. Employing six people and holding £1,171,407 in assets, it operates as a family business with three directors and two owners. Its real address is Unit 29 Leeway Industrial Estate, and it boasts a respectable 4.0 Google rating from 23 reviews. The company runs an e-commerce site specializing in workwear, PPE, and custom embroidery.

The website showcases a vast range of products, from classic softshell jackets to safety boots, catering to various industries. It emphasizes top quality workwear, great service, and competitive prices. A key feature is its custom printing and embroidery services, offering branding solutions for businesses. The site also highlights its role as a PPE specialist, protecting workers across healthcare, education, construction, and engineering.

Financially, Workwear Supermarket Ltd’s numbers present a mixed picture. Current assets increased by 42%, reaching £1,200,000, while net assets also rose by 60%, hitting £570,000. However, bank borrowings increased significantly by 2400%, reaching £91,000, and cash reserves decreased by 30% to £540,000. Trade debtors increased by 87%, suggesting a potential issue with customer payments, and creditors rose by 70% to £330,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the increased borrowing and rising debt warrants attention. The company’s accountants, Paul Phillis & Co Limited, prepared the unaudited financial statements.

Overall, Workwear Supermarket Ltd appears to be a growing business, but the increase in borrowing and rising debt needs to be monitored closely to ensure long-term financial health.

Registered in England/Wales under the registration number 12320427, with a registered address at NP19 4SL, United Kingdom, Newport, Unit 29 Leeway.

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