Bsoleful Ltd

Bsoleful Ltd is a small, active company based in Leeds, UK, founded four years ago in 2020. With a single employee and £14,408 in assets, it operates from a virtual address shared by many other businesses, a common occurrence. The company is family-owned and run by a solo founder, with one director and two owners—though the owners list may not be exhaustive. Bsoleful Ltd regularly imports footwear and related items, with 14 months of import activity recorded, the latest in February 2024. The business operates in the retail sale of footwear in specialised stores.

The company’s website, currently password-protected, hints at an upcoming "sole revival" and encourages visitors to sign up for updates. The message suggests a relaunch or significant change to the business, with a focus on an online store powered by Shopify. The site's current state—requiring a password—indicates a period of development and preparation.

Financially, Bsoleful Ltd presents a mixed picture. Accumulated depreciation for computer equipment has increased by 50%, while cash bank on hand has plummeted by 78% to just £2,900. Creditors have decreased significantly by 71%, suggesting improved debt management, but other taxation and social security payable has risen by 310%. Equity has improved dramatically, increasing by 110%, but net current assets are still negative at -£420. Trade creditors have increased by 35%, and the company's small size (meeting two of three conditions for being small) helps it stay nimble, but the decline in cash reserves is a concern. The lack of an auditor mentioned (likely exempt as a small company) means the figures are unaudited.

Overall, Bsoleful Ltd appears to be navigating a period of change. While the company has improved its debt management, the decline in cash reserves and the reliance on creditors suggest it’s burning through money. The upcoming website relaunch could be a key factor in its future success, but for now, the company’s financial health is uncertain.

Registered in England/Wales under the registration number 12631941, with a registered address at LS7 1AB, England, Leeds, 34 Roundhay Road.

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