Be Unique For Less Limited

Be Unique For Less Limited is a small, active company based in Chadwell Heath, Essex, UK. Established eight years ago in April 2017, it employs four people and holds assets valued at £18,450. The company, with a real registered address and overseen by one director and owner, operates in the retail sale via mail order houses or via internet industries.

The company's website suggests a focus on unique and less conventional products, though details on specific offerings are scarce. It appears to be an e-commerce operation, but without a fully developed online presence, it’s difficult to assess its scale or customer base. The company’s name itself hints at a business model centered around offering distinctive items at competitive prices.

Financially, Be Unique For Less Limited presents a concerning picture. Current assets have plummeted by a staggering 76%, dropping to just £18,000. Net assets have also taken a significant hit, falling 130% to -£7,600. Cash reserves have evaporated, decreasing 92% to a mere £4,600. While creditors have decreased by 42%, the dramatic decline in equity and cash is a major red flag. Trade debtors have increased by 58%, suggesting potential issues with customer 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) allows for flexibility, but the financial strain is undeniable. No auditor is mentioned, as is common for small, exempt companies.

The significant drop in equity, coupled with the dwindling cash reserves, indicates that Be Unique For Less Limited is likely burning through money. The increase in loans from directors, up to £19,000, suggests a reliance on personal funds to keep the business afloat. Whether this is a temporary setback or a longer-term challenge remains to be seen, but the company’s financial health is clearly precarious.

Registered in England/Wales under the registration number 10720969, with a registered address at RM6 6AX, England, Essex, Office 7360 321-323 High Road, Chadwell Heath.

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