Beautynet Limited

Beautynet Ltd, based in Bristol, UK, is a large, active company established seventeen years ago. Employing sixteen people and boasting assets of £9,142,522, it generated a yearly revenue of £20,534,357. A family business with a real address and three directors, it operates an e-commerce site and regularly imports and exports essential oils and perfumes—eighty-four months of import activity and twenty-eight months of export activity. Google users have given it a perfect 5.0 rating based on one review.

The company’s website highlights a unique "Strategic Sales Programme" leveraging data analytics to identify opportunities and drive revenue for luxury beauty brands. It positions itself as a partner for brands seeking to expand their reach, offering services like cost reduction, channel expansion, and data-driven insights. The site also features case studies showcasing successful collaborations, including one with a global luxury beauty brand generating £180 million in incremental sales. Two directors, Jack and Liam De Glanville, are featured prominently, alongside Holly Elizabeth as secretary.

Financially, Beautynet Ltd presents a mixed picture. While turnover remains strong at £21 million, profits have decreased significantly, dropping 45% to £1.07 million. Cash reserves have also fallen by 35% to £2.5 million, and bank borrowings have increased by 33% to £1.8 million. However, creditors have decreased by 18%, suggesting improved management of short-term liabilities. The company’s large size (meeting two of three criteria for a large company: turnover exceeding £36 million, balance sheet total exceeding £18 million, and average number of employees exceeding 250) indicates a substantial operation. Bishop Fleming LLP served as the auditor.

The decrease in profits, despite strong turnover, could be attributed to increased administrative expenses, which have risen by 70%. The increase in bank borrowings might reflect investments in the Strategic Sales Programme, while the decrease in creditors suggests a focus on efficient debt management. The company’s continued growth in the competitive luxury beauty market will depend on its ability to maintain its data-driven approach and adapt to evolving consumer trends.

Registered in England/Wales under the registration number 06357041, with a registered address at BS1 1LT, England, Bristol, Somerset, Newminster House, 27-29 Baldwin Street.

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