Zincsquare Ltd

Zincsquare Ltd from London UK: a small, active company founded six years ago, employs just one person, and holds £19,713 in assets. It operates from a virtual address and is led by a solo founder who also serves as director and owner. The company’s status is active, and it was incorporated on October 23, 2018.

Zincsquare Ltd operates in the retail sale via mail order houses or via internet industries. It’s a small company, meeting two of three conditions: turnover less than £10.2 million, balance sheet total less than £5.1 million, and fewer than 50 employees. The company’s website, Gainsborough Giftware, is a wholesale gift supplier for gift retailers, offering over 5000 products online. It caters to trade customers, with no minimum order value, and offers free delivery on orders over £100. The site showcases a wide range of gifts and homeware, from seasonal decorations to soft toys and fashion accessories. It also has a showroom in Gainsborough, Lincolnshire.

Financially, Zincsquare Ltd has experienced some mixed trends. Cash bank on hand has decreased by 33% to £8,800, while total inventories have increased by 18% to £11,000. Creditors have significantly decreased by 86% to £500, which could be a positive sign of improved debt management. However, retained earnings have also declined by 3.3% to £20,000. The company’s net assets and liabilities have also decreased slightly. There’s no mention of an auditor, which is common for small, exempt companies. The company’s accounts are described as “filleted,” meaning they are simplified and rely on director-reported data.

Overall, Zincsquare Ltd appears to be a small, lean operation navigating the challenges of a competitive wholesale market. While the financial trends suggest some pressures, the company’s focus on online sales and trade-only pricing may help it sustain its position in the giftware industry.

Registered in England/Wales under the registration number 11636831, with a registered address at WC2H 9JQ, England, London, 71-75 Shelton Street.

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