Beautaholics Limited

Beautaholics Limited is a small, active company based in Sunderland, UK, founded four years ago in 2020. With three employees and £77,165 in assets, it operates as a family business with two directors and two owners. The company runs an e-commerce site, boasting a 4.0 Google rating from seven reviews.

The company’s website, Beautaholics, specializes in hair, beauty, and tool innovations, offering a range of products like hair dryers, curlers, wavers, and facial rejuvenation devices. It actively promotes its products through social media and a blog featuring beauty tips and advice. The site emphasizes fast delivery and a wide selection, catering to both salon professionals and home users.

Financially, Beautaholics Limited shows a mixed picture. Current assets decreased by 34% to £77,000, while net assets fell 25% to £53,000. Cash reserves dropped significantly by 39%, reaching £65,000. Bank borrowings decreased by 59%, settling at £1,700. Trade creditors also decreased by 48%, to £25,000. 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 agility, but the decline in equity raises questions. The company is exempt from an audit as a small entity, so the figures are unaudited.

Despite the financial pressures, Beautaholics appears to be maintaining a strong online presence and positive customer reviews. The decrease in bank borrowing suggests improved debt management, but the drop in cash reserves warrants close monitoring.

Registered in England/Wales under the registration number 12795436, with a registered address at SR2 9JW, England, Sunderland, Tyne And Wear, 11 Halidon Road.

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