B-byst Limited

B-Byst Limited, based in London, UK, is a small, active company founded four years ago in May 2020. With just one employee and £13,472 in assets, it operates from a virtual address shared by over 1000 other companies—a bit unusual. The company is led by a single director and owner, Rayati Behnaz, and functions as an irregular importer of clothing and accessories, not knitted or crocheted, with just one month of import activity recorded as of February 9, 2021. The business operates in the retail sale via mail order houses or via internet industries.

The company’s website, though not actively maintained, suggests a focus on online retail, but lacks detailed product listings or a functional shopping cart. It’s unclear if the website is currently operational or serves as an archive of past activities.

Financially, B-Byst Limited presents a concerning picture. Net assets have plummeted to -£2,300, a significant drop from the previous year, and cash reserves have dwindled to just £1,400. Trade debtors are minimal, but creditors have remained steady at £16,000. The company's small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the substantial losses and low cash balance suggest a company struggling to generate profit. The accounts are abridged and unaudited, and there’s no mention of an auditor, which is common for small companies. The company’s revenue recognition policy states that turnover is recognised when the significant risks and rewards of ownership have transferred to the buyer.

While the company’s irregular import activity and solo founder structure point to a niche operation, the financial data indicates a company burning through money. It’s possible that the company is undergoing a period of transition or facing challenges in its online retail efforts.

Registered in England/Wales under the registration number 12593888, with a registered address at WC2A 2JR, United Kingdom, London, 7 Bell Yard.

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