Bindi World Ltd

Bindi World Ltd is a small, active company based in Wolverhampton, UK, founded six years ago in 2019. With a single employee and £300 in assets, it’s a solo-founded operation run by a director and owner, Patel Maya. The company operates an e-commerce site selling bindis online, offering free standard UK delivery over £15 and international delivery options. Its website showcases a range of bindis in various colors, with a focus on quality and customer satisfaction.

The company's core business involves retail via mail order and internet sales, with a focus on bindis. The website, Bindi World, highlights the origins and care instructions for bindis, emphasizing their cultural significance and beauty. It’s a niche market, catering to customers seeking authentic and stylish bindis. While the website is well-designed and easy to navigate, it’s unclear how much traffic it receives or how competitive the online bindi market is.

Financially, Bindi World Ltd is showing some concerning trends. Turnover has plummeted by nearly 50%, dropping to just £1,400, while net losses deepened to -£1,900. Cash reserves have dwindled to just £300, and operating losses have more than doubled. Trade debtors increased by 100%, suggesting potential issues with customer payments, and property, plant, and equipment (likely office equipment) increased to £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) keeps it nimble, but the sharp revenue decline and increased losses are worrying. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited director-reported data.

In short, Bindi World Ltd is struggling to maintain its financial footing. While the e-commerce site appears active and offers a unique product, the financials reveal a company burning through cash. Whether Patel Maya can turn things around and capitalize on the niche bindi market remains to be seen—but for now, the company is facing a challenging period.

Registered in England/Wales under the registration number 11943577, with a registered address at WV2 4PP, England, Wolverhampton, 21 Needwood Close.

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