Balance Life Group Ltd

Balance Life Group Ltd, based in London, UK, is a small, active company founded 10 years ago. With five employees and £346,582 in assets, it operates from a virtual address and is led by one director and owner. The company regularly imports machinery, boilers, and mechanical appliances, parts, with the latest activity recorded seven months ago. It's worth noting that 28,646 companies share the same address, suggesting a virtual address.

The company’s primary focus is retail, specifically other retail sale not in stores, stalls or markets. It also operates as an addiction rehabilitation centre in Edinburgh, Scotland. The company’s website is not available for review.

Financially, Balance Life Group Ltd presents a mixed picture. While net assets increased by 11% to £350,000, current assets experienced a 24% decrease to £350,000. Bank borrowings remained stable at £1,700, and cash reserves declined by 8.6% to £260,000. Creditors saw a significant drop of 73%, suggesting improved debt management. Trade debtors increased by 36%, which could indicate a reliance on customer payments. The company meets two of three criteria to be considered small, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. No auditor is mentioned, likely due to its small size.

The company's net losses deepened to -£20,000, while cash reserves plummeted 71% to just £4,100. Trade debtors ballooned by 890%, which could indicate a reliance on customer payments. The lack of employees (zero reported) hints at a lean, possibly solo operation.

Registered in England/Wales under the registration number 09597672, with a registered address at N1 7GU, England, London, 20-22 Wenlock Road.

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