Black Tulip Retail Ltd

Black Tulip Retail Ltd, based in Harrow, UK, is a small, active company founded two years ago in 2023. With three employees and £44,751 in assets, it operates from a virtual address—a detail worth noting as thirty-six companies share the same location. The business is led by three directors, with Joshan Sumit Kumar as the sole owner and solo founder. It’s a bit of a mixed bag, importing footwear and related items irregularly (two months of imports, last in September 2024) and exporting regularly (three months of exports, last in January 2024).

The company's website, BlackTulipStudio.com, showcases a curated collection of footwear, bags, and small leather goods, emphasizing "elevated essentials for every season." It’s clearly geared towards a fashion-conscious consumer, offering free cardholders with purchases over £100 and highlighting new arrivals and bestsellers. The site features a clean, modern design and a focus on quality materials, suggesting a brand aiming for a premium feel. It’s a bit confusing, but the site also appears to be selling pianos.

Financially, Black Tulip Retail Ltd presents a concerning picture. While the company meets the criteria for a small business (turnover under £10.2 million, assets under £5.1 million, fewer than 50 employees), its equity is in the negatives, sitting at -£1,500. Cash reserves are a meager £8,100, and bank borrowings have increased. Creditors are stable at £36,000, and debtors are also steady at £14,000. The company is exempt from an audit, so the numbers are unaudited.

It seems Black Tulip Retail Ltd is struggling to maintain financial health. The company’s reliance on irregular imports and its negative equity suggest it might be burning through cash. While the website presents a polished image, the underlying financials raise questions about its long-term sustainability.

Registered in England/Wales under the registration number 14569140, with a registered address at HA1 2AX, United Kingdom, Harrow, Middlesex, 1st Floor Kirkland House, 11-15 Peterborough Road.

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