Zing Supplies Limited

Zing Supplies Limited, based in Preston, UK, is a small, active company founded five years ago in December 2019. With a single employee and £24,085 in assets, it operates from a virtual address shared by sixty-nine other companies, raising some questions. Two directors and one owner (Glover James) steer the ship, with the company described as a solo founder operation. It’s an irregular importer, primarily dealing in electrical machinery and equipment, with its last import activity recorded one month ago in December 2023. The company’s activities involve retail sales via mail order and internet, suggesting an e-commerce focus, though a website is not currently available to verify this.

While Zing Supplies Limited is small (meeting two of three criteria for a small company: turnover under £10.2m, assets under £5.1m, and fewer than 50 employees), its financial picture presents a mixed bag. Current assets have increased by 58%, reaching £24,000, while cash reserves have grown impressively by 88% to £10,000. However, creditors have jumped significantly by 160% to £7,800, and other creditors have skyrocketed by 4,200% to £3,000, indicating potential strain on its payment obligations. Depreciation impairment property plant equipment has increased by 54%, which may be a concern. Equity has increased by 17%, which is a positive sign.

The company’s financial statements are unaudited, a common practice for small entities, and prepared in accordance with Financial Reporting Standard 102. The company has elected not to deliver a profit and loss account. Overall, Zing Supplies Limited appears to be navigating a period of growth, but the increase in creditors suggests it needs to manage its finances carefully.

Registered in England/Wales under the registration number 12377326, with a registered address at PR3 3HU, England, Preston, 14 Towneley Parade, Longridge.

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