Bloonco Limited

Bloonco Limited, based in Edinburgh, UK, is a small, active company founded 10 years ago in 2014. It’s a solo venture, managed by a single director and owner, Edwards Lorna Maria, and employs just one person. The company holds £54,889 in assets, but its registered address is likely virtual, as eighty other companies share the same location. Bloonco operates in the retail sale via mail order houses or via internet industries.

The company's website, while not providing detailed e-commerce functionality, confirms its focus on online retail. It appears to be a straightforward operation, with no complex inventory management or subscription services evident. The business seems to be a small-scale online store, likely specializing in a niche product category.

Financially, Bloonco Limited presents a mixed picture. Current assets have decreased by 29%, falling to £55,000, while net assets also declined by 3%, settling at -£100,000. Bank borrowings have remained stable, but cash reserves have plummeted 77%, leaving just £650. Creditors have also decreased significantly, by 61%, suggesting improved debt management. Trade debtors have fallen by a substantial 85%, which could indicate quicker payment cycles or reduced credit extended to customers. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the negative equity is a cause for concern. With no auditor mentioned, the figures are unaudited.

The company’s financial performance suggests it may be burning through cash, although the decreased creditors is a positive sign. The reliance on a single owner and director, combined with the virtual address, hints at a lean operation, but also a potential lack of scalability. It's likely the business is struggling to generate sufficient revenue to cover its expenses, and the negative equity is a clear indicator of this challenge.

Registered in Scotland under the registration number SC480365, with a registered address at EH10 5LZ, Scotland, Edinburgh, 13-15 Morningside Drive.

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