Assignment on Small Business Enterprise with Fashion Crest Ltd. (GC0928)

Contents

Introduction.

Task 1.

1.1 Produce a profile of a selected business.

1.2 Compare the performance of your selected business with other similar-sized businesses in the same geographical area

Task 2.

2.1 Recommend with justification, appropriate actions to overcome the weaknesses

2.2 Analyze ways in which the existing performance could be maintained and strengthened.

2.3 Suggest new areas in which the business could expand with reasonable justification.

Task 3.

3.1 Give your assessment of existing business objectives and plans.

3.2 Review business plans and suggests areas where changes can be made.

3.3 Prepare an action plan to implement the changes.

Task 4.

4.1 The impact the proposed changes will have on the business and its personnel

4.2 The plan for how the changes will be managed in the business.

4.3 The improvements in the performance of the business over the past two years.

Reference.

Introduction

Through this report the performance of FASHION CREST LTD (LONDON) LIMITED, a small business enterprise has been explained. Through this paper, the profile of the business, evaluation of the performance of the business firm, approaches that are made to improve the business strategy to gain profit by revising the business objectives have been explained. Furthermore, an assessment has been done to administer the improvements the business has made through the approaches that have been proposed in this paper.

Task 1

1.1 Produce a profile of a selected business

The name of the business

The name of the business is FASHION CREST LTD (LONDON) LIMITED. The company registered number is 04354919.

Owner structure

This private limited company is limited by legal shares. There are two directors and two nominee directors in this company. The two directors are Saeed Yusuf Mohmed and Jabir Yusif Musa Patel. And the two nominee directors are STATUTORY MANAGEMENTS LIMITED and WORLD FORM LIMITED. Saeed Yusuf Mohmed was appointed as secretary and later on, he was made one of the directors. Both of the directors are British and appointed in Jan 2002. The registration of the nominee directors was made on 17 Jan 2002. Now the person with significant control and also active now is Mr. Saeed Yusuf Mohmed whose date of birth is December 1953 and has British nationality. He was notified on 6 April 2016. He has the control of assigning and removing the directors as trustees and a member of the company. He resides in the United Kingdom at this moment.

Our Recommended Resources:

Unit 6 Problem solving and Decision Making Assignment Help
Personal and Professional Development Assignment Level 4

History/Background

The company was established on 17 Jan 2002 with one director, one secretary, and two nominee directors. The registration number of the company is 04354919. The company is functioning successfully for 16 years with one active member who comes to director Mr. Saeed Yusuf Mohmed who has British nationality and was appointed on 17Jan 2002. The nominee directors are STATUTORY MANAGEMENTS LIMITED and WORLD FORM LIMITED who was appointed on 17 Jan 2002 and resigned on the same day.

Its activity

This company is a manufacturer and wholesale business of children wear and sells fashion attires for children, knitwear, accessories, branded item, shoes, party wear, and items for babies.

Business location

The address of this business firm is Kids Kemp Ltd T/a Fashion Crest Ltd, Kids Kemp, 177-179 Commercial, Road London E1 2DA, United Kingdom, 07890 563 834. Their email address is sales@Fashion Crest Ltd.com.

Financial information on FASHION CREST LTD (LONDON) LIMITED

Factors	31 Dec 2016	30 Jun 2015	30 Jun 2014	30 Jun 2013	30 Jun 2012	30 Jun 2011
Total Fixed Assets	£2,200	£2,200	£2,911	£3,800	£4,750	£4,882
Cash	£4,617	£12,895	£8,650	£3,654	£95,153	£1,238
Total Current Assets	£4,617	£106,349	£98,548	£104,144	£302,854	£274,168
Total Current Liabilities	£2,161	£94,400	£89,173	£78,997	£176,909	£247,209

Figure: financial status of FASHION CREST LTD (LONDON) LIMITED source: company check

Figure: financial status of FASHION CREST LTD (LONDON) LIMITED Source: company check (2018)

Comparing the six years of business the cash has been fallen, net worth was about consistent, and the total current liabilities have been fallen and the amount of the total current assets has been decreased…………..

HND in Business