Sks Retail Group Ltd

Sks Retail Group Ltd from Poole UK is a small, active company founded four years ago. It employs just one person and holds £236,412 in assets, operating from a virtual address. The company has two directors and a single owner who is also the solo founder.

The company operates in the retail sale via mail order houses or via internet industries. It's a small business, meeting two of three criteria: turnover less than £10.2 million, balance sheet total less than £5.1 million, and fewer than 50 employees.

Looking at the financials, there's a mixed picture. Creditors have decreased significantly, dropping by 35% to £280,000, which could indicate improved debt management. However, net assets have also declined, falling by 22% to -£81,000. Cash reserves have taken a hit, falling 44% to £15,000. Bank borrowings have increased, reaching £610, and trade debtors have vanished entirely. It’s interesting to note that the company’s director loan account shows a significant shift, with advances to the director decreasing by 100% and repayments increasing by 250%.

The company’s financial statements are unaudited, and no auditor is mentioned, which is common for small companies. The decrease in assets and increase in borrowings suggest the company may be burning through cash, although the decrease in creditors could be a positive sign. It's possible the company is investing in growth or facing increased costs—but without more information, it’s difficult to say for sure.

Registered in England/Wales under the registration number 12979773, with a registered address at BH16 6FA, United Kingdom, Poole, Dorset, Lytchett House, 13 Freeland Park, Wareham Road.

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