Balaas Ltd.

Balaas Ltd is a small, active company based in London, UK, founded two years ago in November 2022. It’s a solo-founded operation with one director and one owner, employing just one person. The company holds a real address and operates in the retail sale via mail order houses or via internet industries.

The business appears to be primarily e-commerce focused, although a website isn’t currently available to analyze. This suggests a direct-to-consumer model, potentially leveraging platforms like Etsy or social media for sales. The lack of a dedicated website could also indicate a smaller-scale operation, focusing on niche products or limited marketing efforts.

Financially, Balaas Ltd presents a mixed picture. While the company is small, meeting two of three criteria (turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees), its financial data reveals some concerning trends. Net assets decreased significantly, and cash reserves are low. Bank borrowings increased, indicating a reliance on external financing. The company’s small size helps it remain agile, but the financial strain raises questions about its long-term viability. With no auditor mentioned, the figures are unaudited.

Despite the financial pressures, Balaas Ltd’s active status and solo-founder model suggest a determined effort to succeed. Whether it can overcome these challenges and establish a sustainable business remains to be seen.

Registered in England/Wales under the registration number 14492956, with a registered address at E13 0QF, England, London, 29 Donald Road.

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