Snowgum Enterprises Limited

Snowgum Enterprises Ltd from Ringwood UK is a small, family-run business with an active status, established eighteen years ago. The company employs eleven people and holds £223,604 in assets, operating from a real address in Hampshire. With three directors and two owners, it's a tight-knit operation. It’s a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, employees less than 50.

Snowgum Enterprises Ltd operates in the retail sale via mail order houses or via internet industries. It's a homewares shop in Ringwood, England, and its website, while not actively used, suggests a focus on curated home goods. The company was founded eighteen years ago and has a showroom in Harrods, London.

Financially, Snowgum Enterprises Ltd shows a mixed picture. Current assets decreased by 31%, falling to £220,000, while net assets dropped 27%, settling at £110,000. Bank borrowings decreased by 46%, reaching £12,000, and cash reserves fell 43%, sitting at £120,000. Creditors decreased by 46%, suggesting better debt management. Future minimum lease payments under non-operating leases also decreased by 55%, which is a good sign. The company’s small size helps it stay agile, but the equity drop raises questions. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

The company's net losses deepened from -£10,000 to -£23,000, while cash reserves plummeted 71% to just £4,100. Trade debtors ballooned by 890%, suggesting delayed customer payments or expanded credit terms, and creditors rose 35% to £34,000. The lack of employees (zero reported) hints at a lean, possibly solo operation.

The company operates in Retail → Online & mailorder.

Registered in England/Wales under the registration number 06102582, with a registered address at BH24 1SF, England, Ringwood, Hampshire, Unit 15 Endeavour Business Park, Crow Arch Lane.

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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