Blue Squid Limited

Blue Squid Limited, based in Southampton, UK, is a small, active company founded nine years ago. With three employees and £411,210 in assets, it’s a family business managed by six directors and two owners. The company operates in the retail sale via mail order houses or via internet industries.

The company’s website, bluesquid.co.uk, is clearly focused on arts and crafts supplies. It’s an e-commerce site selling a wide range of products, from craft chests containing thousands of pieces to art easels, face paints, and UV body paints. The site has a "Blue Squid Pro Fan Club" and offers video tutorials, suggesting a focus on engaging with customers and building a community around crafting. The website also has a section for account login and registration, indicating a subscription or loyalty program.

Financially, Blue Squid Limited’s numbers present a mixed picture. Current assets have fallen by 20% to £410,000, while net assets have plummeted 51% to £52,000. Bank borrowings have increased by 43% to £210,000, and cash reserves have risen by 42% to £27,000. Creditors have decreased by 16%, suggesting improved debt management. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the sharp decline in equity is concerning. The company is exempt from audit, so the figures are unaudited.

The company’s increasing bank borrowings and decreasing equity could indicate that it’s burning through cash to fuel growth or maintain operations. The decrease in creditors suggests that the company is managing its short-term debts effectively, but the overall financial picture warrants careful monitoring.

Registered in England/Wales under the registration number 09589162, with a registered address at SO15 1GA, England, Southampton,, Hampshire,, 39-49 Commercial Road, First Floor,, Oceana House,.

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