Ballonet Ltd

Ballonet Ltd, a small, active company based in London, UK, was founded eight years ago in 2016. With just two employees and £899 in assets, it operates a real address and is managed by one director and owner, Derinoz Gulizar Gamze. The company runs an e-commerce site specializing in colorful, unisex socks, with a focus on high-quality materials and unique designs. It sporadically imports and exports clothing and accessories made by knitting or crocheting, with limited activity recorded over the past few years.

The website, Ballonet Socks, showcases a wide range of socks for women and men, emphasizing bright colors, comfortable materials, and distinctive patterns. It also features gift boxes and socks cards, catering to a broader gifting market. The site highlights customer reviews and certifications, reinforcing its commitment to quality and customer satisfaction. The company operates in the wholesale of clothing and footwear, and retail sale via mail order houses or via internet industries.

Financially, Ballonet Ltd presents a concerning picture. Current assets have dramatically decreased by 92%, plummeting to just £900. Net assets have also suffered a significant drop, falling 110% to -£15,000. Cash bank on hand has been decimated, decreasing 78% to £900. Bank borrowings have increased, and trade creditors have also risen, suggesting the company is struggling to manage its short-term obligations. Despite meeting two of three criteria for a small company (turnover under £10.2m, assets under £5.1m, and fewer than 50 employees), the sharp decline in equity and cash reserves raises questions about its long-term viability. As a small company, it is exempt from an audit, relying on unaudited financial statements. The company's financial data shows a concerning trend, indicating a potential cash flow problem and a need for careful financial management.

Registered in England/Wales under the registration number 10369265, with a registered address at E2 6NB, England, London, 6 Pollard Row.

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