Balloon Madness Ltd

Balloon Madness Ltd, based in Poole, UK, is a small, family business with an active status. Founded two years ago in September 2022, it employs just two people and holds £1,442 in assets. The company has a real registered address and is managed by two directors and two owners. It boasts a solid 4.0 Google rating from six reviews.

The company operates in several areas: retail sale via stalls and markets, retail sale via mail order houses or via internet, performing arts, and artistic creation. Its website is currently unavailable, so it’s difficult to determine the extent of its e-commerce presence. It appears to focus on balloon artistry and entertainment, likely providing services for events and celebrations.

Financially, Balloon Madness Ltd shows a mixed picture. Cash bank on hand increased by a significant 190% to £840, while current assets also rose by 94% to £1,400. However, net losses deepened considerably, dropping by 370% to -£2,500. Creditors increased by 20% to £2,000, and bank borrowings remain at zero. The company’s small size (meeting two of three criteria for a small company) allows for flexibility, but the large equity loss suggests it's burning through cash. The company is exempt from an audit, so the figures are unaudited.

It's likely the company is reinvesting in its business, perhaps expanding its services or purchasing equipment. The increase in cash suggests some success in generating revenue, but the significant losses indicate it’s not yet profitable. The management team, consisting of two directors, seems to be working hard to build the business, but the financial data suggests it needs to carefully manage its expenses to avoid running out of money.

Registered in England/Wales under the registration number 14389377, with a registered address at BH16 6BE, England, Poole, 22 Foxhills Crescent, Lytchett Matravers.

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