Brit Local Ltd

Brit Local Ltd, based in London, UK, is a small, active company founded seven years ago in 2017. It employs just one person and holds £8,313 in assets, operating from a real address in Upton Lane. The company is managed by a single director and owner, Haque Md Mijanul. It’s an irregular importer, primarily dealing in cereal and milk-based food products, with the last import occurring two months ago in July 2023. Brit Local Ltd operates within the other retail sale in non-specialised stores industry.

The company's website, Brit Signature Ltd, showcases a range of furniture, specializing in sofas – corner sofas, Chesterfield sofas, sofa beds, and recliners. The site emphasizes stylish designs, competitive pricing, and free shipping, aiming to elevate home spaces with timeless elegance. It also offers a blog section with articles on home decor and safety tips.

Financially, Brit Local Ltd presents a mixed picture. While cash reserves grew by a respectable 29% to £5,200, net assets still sit at a negative £52,000, a slight improvement from the previous year. Bank borrowings decreased by 11% to £23,000, and current assets increased by 20% to £8,300. However, creditors remain a concern, decreasing by 9.4% to £51,000. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The accounts are unaudited and prepared as "filleted accounts," meaning they are simplified and don’s include detailed notes.

It seems Brit Local Ltd is navigating a challenging financial landscape, relying on its furniture sales to sustain operations. The company's small size and lean management structure allow for agility, but the negative equity suggests it’s burning through cash.

Registered in England/Wales under the registration number 10812063, with a registered address at E7 9LW, United Kingdom, London, 124 Upton Lane.

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