Canny Crystals Ltd

Canny Crystals Ltd from Newcastle Upon Tyne UK: a small, active company founded two years ago, employs three people, and holds £18,031 in assets. Operating from a virtual address, it’s a solo founder venture led by a single director and owner, running an e-commerce site with an impressive Google rating of 5.0 based on 135 reviews. It's a small company as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, employees less than 50.

The company specializes in candles, wellbeing products, and new-age items, offering a wide range of crystals and related goods. Its website showcases bundles categorized by intention—anxiety and stress relief, fertility, love, luck, and more—catering to a holistic lifestyle focus. The site also features a podcast, blog, and free resources, demonstrating a commitment to engaging with its customer base beyond simple transactions. It’s a global operation, offering currency options for customers worldwide and even has a blog post about shipping to different countries.

Financially, Canny Crystals Ltd presents a mixed picture. While fixed assets increased by 160%, reaching £9,400, current assets remained relatively stable at £18,000. However, retained earnings accumulated losses took a significant hit, plummeting 780% to -£12,000—a concerning trend. Bank borrowings increased by 480% to £4,800, and cash reserves only grew modestly to £2,200. Trade creditors also increased, reaching £40,000. The company’s small size helps it remain nimble, but the substantial loss raises questions about its long-term sustainability. As a small company, it’s exempt from an audit, so the figures are unaudited.

Despite the financial challenges, Canny Crystals Ltd’s strong online presence and positive customer reviews suggest a loyal following. It’s a company that’s betting on the growing demand for wellbeing products and the power of a well-curated online store.

Registered in England/Wales under the registration number 14258427, with a registered address at NE4 7YA, United Kingdom, Newcastle Upon Tyne, Amber Court William Armstrong Drive, Newcastle Business Park.

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