Bananza Ltd

Bananza Ltd is a small, active company based in Watford, UK, established four years ago. It's a solo-founder operation with one director and employee, operating an e-commerce site. The company is registered at a real address and falls under the definition of a small business, meeting two of three conditions: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees.

The website, Bonanza Sleep Shop, focuses on selling luxury beds and mattresses online. It showcases a range of styles—Chesterfield, Wingback, Divan, and TV beds—along with accessories like blanket boxes and footstools. The site emphasizes handcrafted quality, UK manufacturing, and flexible payment options through Klarna and Clearpay. It highlights features like 5-year warranties, free shipping, and customizable designs, and even offers free fabric swatches. The website’s design is visually appealing, with high-quality images and clear product descriptions.

However, a look at the company’s finances paints a less rosy picture. While cash bank on hand increased significantly from £170 to £1,500, the company’s equity has plummeted from -£60 to -£1,300. Creditors have also increased substantially, rising from £230 to £2,800. Net assets and liabilities are both down to -£1,300. Trade debtors are not mentioned, but the increase in creditors suggests potential cash flow challenges. The company’s reliance on retained earnings and accumulated losses is concerning. The lack of employees (just one reported) indicates a very lean operation, but the substantial losses raise questions about its long-term viability. With no auditor mentioned, the figures are unaudited, so it's difficult to verify their accuracy. The company's focus on premium products and flexible payment options is a smart strategy, but it needs to address its financial losses to ensure its survival.

Registered in England/Wales under the registration number 12726325, with a registered address at WD25 9JJ, England, Watford, 14 Spring Gardens.

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