Ancient Greek Sandals Ltd

Ancient Greek Sandals Ltd is a small, active company based in Barnet, UK, founded nine years ago in 2015. With three employees and £1,142,282 in assets, it operates from a virtual address – thirty-two other companies registered there – and is led by three directors and two owners. The company runs an e-commerce site selling handmade Greek sandals and accessories, with regular imports of footwear and related items over the last five months.

The website showcases a wide range of sandals, from classic styles like the Eleftheria and Apli Eleftheria to newer collections and beach-ready options. It emphasizes Greek craftsmanship, with sections dedicated to new arrivals, bestsellers, and accessories. A global shipping section lists numerous countries, and the site offers free shipping for a limited time. The company’s website also has a section for men and children, and a section for accessories like bags and leather items.

Financially, Ancient Greek Sandals Ltd shows a mixed picture. Cash bank on hand increased by 33% to £840,000, which is a good sign. However, creditors rose significantly by 32% to £1.2 million, suggesting increased reliance on short-term financing. Trade debtors also increased by 49%, which could indicate difficulties in collecting payments. The company’s dividends paid on shares decreased by 59%, which could be due to a focus on reinvesting profits. Despite this, the company’s equity remained relatively stable, with a slight increase in retained earnings. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay nimble, but the increased debt levels warrant attention. The financial statements are unaudited, and no auditor is mentioned.

Registered in England/Wales under the registration number 09671831, with a registered address at EN5 5RN, United Kingdom, Barnet, Herts, Francis House, 2 Park Road.

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