100 Degrees Ltd

100 Degrees Ltd, based in Glasgow, UK, is a small, active company founded 11 years ago. With three employees and £211,905 in assets, it operates from a real address and is overseen by two directors and owners. The company is an irregular importer, primarily dealing in machinery, boilers, and mechanical appliances, with its last import operation recorded one month ago in June 2023.

The company’s core business revolves around luxury sauna, steam room, and wellness solutions, as showcased on its website. It offers bespoke designs and installations for both residential and commercial clients, encompassing everything from traditional saunas and steam rooms to outdoor nature-inspired experiences and even snow rooms and ice caves. The website highlights a commitment to handcrafted luxury and custom design, catering to a high-end market. It’s clear they’re aiming to create sensory experiences, and even offer services like disaster recovery for damaged pianos—a surprising and potentially lucrative diversification.

Financially, 100 Degrees Ltd presents a mixed picture. While average employee numbers increased by a significant 33%, cash bank on hand decreased by 18% to £8,400. Creditors saw a substantial drop of 51%, which could indicate improved debt management, but the most concerning trend is the sharp decline in equity, falling 9.8% to -£98,000. Trade debtors also decreased, suggesting customers are paying slower. Despite these challenges, net current assets increased by 62%, and total assets less current liabilities rose by 61%. The company’s small size—meeting two of three conditions for a small company—allows for flexibility, but the negative equity is a red flag. As a small company, it’s exempt from an audit, so the financial information is unaudited.

Overall, 100 Degrees Ltd appears to be navigating a period of change. While its website showcases a thriving business, the financials suggest it's burning through cash, and the negative equity is something to watch.

Registered in Scotland under the registration number SC476732, with a registered address at G68 0LW, Scotland, Glasgow, 13 Tollpark Road, Cumbernauld.

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