Be Lit Ltd

Be Lit Ltd is a small, active company based in Harrow, UK, founded four years ago in 2020. It’s a solo founder operation with one director and owner, Vekaria Jay, holding £3,667 in assets. The company operates in the retail sale via mail order houses or via internet industries. Its registered address is a real one, with only one other company registered there.

The company's website, while not explicitly detailed, suggests an e-commerce focus, likely selling goods online. Further investigation would be needed to confirm the specific products offered and the scale of its online presence.

Financially, Be Lit Ltd presents a mixed picture. While current assets have increased significantly from £1 to £3,700 – a 370,000% jump – equity has plummeted from £1 to -£1,500. Bank borrowings have also risen sharply, reaching £5,200, and creditors are at £5,200. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the substantial equity decline is concerning. The company is exempt from an audit, so the figures are unaudited.

The company's solo founder structure might explain the limited resources and the challenges in managing both operations and finances. It’s possible the company is reinvesting heavily in its online business, but the negative equity suggests it's burning through cash faster than it’s generating revenue. It would be good to see how the business is doing.

Registered in England/Wales under the registration number 12862830, with a registered address at HA3 9AW, England, Harrow, 79 Brancker Road.

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