Balewink Ltd

Balewink Ltd, based in Winchester, UK, is a small, active company established seven years ago. With three employees and £606,046 in assets, it operates from a virtual address—a point to note as twenty companies share the same location. The business is led by a solo founder who also serves as director and owner. Balewink runs an e-commerce site and irregularly imports clothing and accessories, not knitted or crocheted, with the last import activity recorded one month ago in December 2023.

The website, Balewink, positions itself as a "purveyor of luxury goods," offering a curated selection of footwear, clothing, and accessories for men and women. It features brands like AMI, Bottega Veneta, Givenchy, and Off-White, emphasizing a high-end aesthetic and offering free mystery t-shirts with purchases. The site's design is clean and modern, and it includes a newsletter signup form to capture customer emails.

Financially, Balewink Ltd's report reveals a mixed picture. While cash reserves increased significantly by 140% to £91,000, net assets also jumped by 93% to £400,000, suggesting growth. However, bank borrowings decreased by 19% to £120,000, and trade creditors plummeted by 92% to £720—a very large drop. Debtor's however, decreased by 98% to just £500, which could indicate issues with collecting payments. The company's small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) means it’s exempt from an audit, so the figures are unaudited.

The increase in liabilities and decrease in debtors could suggest the company is investing in inventory or expanding its operations, but it also raises questions about cash flow management. The decrease in bank borrowings could indicate the company is relying less on debt financing, but it's important to monitor these trends closely.

Registered in England/Wales under the registration number 11259960, with a registered address at SO23 8SR, United Kingdom, Winchester, Hampshire, Innovations House, 19 Staple Gardens.

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