Wpl Gifts Limited

Wpl Gifts Ltd from Nottingham UK: a small, active company founded seven years ago, employs two people, and holds £413,296 in assets. Operating from a virtual address, the business is a family affair with one director and two owners. It runs an e-commerce site and regularly imports electrical machinery and equipment (13 months) while exporting printed materials like books and pictures (17 months).

The company's website, Gifts From Handpicked, showcases a wide range of unique gift ideas and shabby chic home accessories. It highlights brands like Gisela Graham and Wrendale Designs, catering to various occasions and recipients. The site offers free next-day delivery on orders over £50 and a clearance sale, demonstrating a focus on customer convenience and seasonal promotions. It’s a vibrant online store with a clear emphasis on curated gift selections.

Financially, Wpl Gifts Ltd presents a mixed picture. Current assets have decreased by 21%, falling to £410,000, while net assets have also dropped by 12%, settling at £120,000. Bank borrowings have increased significantly, reaching £29,000, and cash reserves have plummeted 100%, leaving the company with zero cash on hand. Creditors have also decreased by 66%, which could indicate improved debt management. As a small company meeting two of three criteria (turnover under £10.2m, assets under £5.1m, fewer than 50 employees), it benefits from agility, but the substantial cash depletion raises concerns. The accounts are unaudited, and no auditor is mentioned, reflecting the company's exemption as a small entity.

In essence, Wpl Gifts Ltd appears to be navigating a challenging financial landscape. While its e-commerce platform thrives on curated gift selections and attractive promotions, the significant cash drain suggests a need for careful financial management. The company’s long-standing presence and family ownership, however, provide a foundation for potential recovery and continued success.

Registered in England/Wales under the registration number 11157669, with a registered address at NG5 1FX, United Kingdom, Nottingham, Nottinghamshire, 470 Hucknall Road.

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