Blek Ltd

Blek Ltd from Glasgow UK: a small holding company with an active status, was founded eight years ago and employs 18 people. The company holds £321,003 in assets, operates from a real address, and is overseen by three directors and one owner. It runs an e-commerce site and regularly imports cocoa and cocoa products, with seven months of import activity recorded.

The company’s website, Black.co.uk, specializes in luxury accessories and gifts for women and men. It’s been sourcing quality goods since 2006, offering a wide range of cashmere scarves, leather gloves, and other high-end items. The site boasts an extensive catalog and emphasizes handmade quality and Klarna payments. It also features a collaboration with style blogger Susan Blakey, showcasing Liberty Archive prints.

Financially, Blek Ltd is showing some concerning trends. Current assets have decreased by 34%, dropping to £320,000, while net assets have plummeted 560%, landing at -£27,000. Bank borrowings have increased significantly, reaching £21,000, and cash reserves have fallen 80%, leaving just £24,000. Creditors, however, have decreased by 27%, suggesting some improvement in debt management. The company meets two of the three criteria to be considered small, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. As a small company, it is exempt from an audit, so the figures are unaudited.

The decline in equity is a particular point of concern, and the increase in bank borrowings suggests the company may be burning through cash. While the e-commerce side appears to be doing well, the financial picture paints a more complex story. It’s clear that Blek Ltd is facing some financial pressures, but its focus on luxury goods and its established online presence could help it weather the storm.

Registered in Scotland under the registration number SC549343, with a registered address at G3 8JU, Scotland, Glasgow, 47 Finnieston Street.

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