Young's Carpets Limited

Young S Carpets Ltd from Ballynahinch UK: a small, active company founded seven years ago, is currently facing some financial challenges. With just two employees and £84,309 in assets, the company operates from a real address and is managed by one director and owner. It holds a Google rating of 3.0 based on 13 reviews, and irregularly imports toys, games, and sports equipment—the last import operation occurred a year ago.

The company's website, Youngs Carpets, offers a range of rugs and carpets for sale online, with a focus on quality and unbeatable prices. The site features various rug styles, including shaggy, colourful, and traditional options, as well as vinyl flooring. Customers can browse the selection, add items to their shopping basket, and enjoy a convenient delivery process.

However, a closer look at the company's financial data reveals a concerning trend. While bank borrowings have increased by a significant 38%, cash reserves have fallen by a substantial 93%, leaving just £1,600 remaining. Creditors have also increased by 27%, suggesting potential difficulties in managing short-term debts. Although the company’s net assets have decreased by 93%, to just £270, it’s worth noting that the company’s small size (meeting two of three conditions for being a small company) allows it to remain agile. The fact that the company has not been audited, likely due to its small size, means that the financial figures are unaudited.

Registered in Northern Ireland under the registration number NI647394, with a registered address at BT24 8SX, Northern Ireland, Ballynahinch, 108a Annacloy Road.

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