Chillout 4 You Ltd

Chillout 4 You Ltd from Liverpool UK is a small, active company founded five years ago. Despite being active, it’s facing some challenges, with accounts and confirmation statements overdue for a year. The company employs just one person and holds assets valued at £-2,319 – a negative figure indicating potential liabilities. It’s led by two directors and owned by one individual, Adamowski Pawel Maciej, who also acts as the solo founder.

Chillout 4 You Ltd operates in both retail sales via mail order and internet, and management consultancy. Its website, though not fully developed, suggests a focus on these two areas. It’s a small business, meeting two of three criteria to be classified as such: turnover less than £10.2 million, balance sheet total less than £5.1 million, and fewer than 50 employees.

Financially, Chillout 4 You Ltd is struggling. Cash reserves have plummeted by 250% to a negative £2,300, while creditors have increased by 24%. Bank borrowings remain steady at £10,000, but the sharp decline in cash and the negative asset value are concerning. Equity has also decreased significantly, reaching -£18,000. The company’s small size and lack of employees (just one reported) likely contribute to its agility, but the financial pressures are evident. The fact that the company has taken exemption under Companies Act in not publishing its own Profit Loss Account suggests a desire to minimise public scrutiny of its financial situation. No auditor is mentioned, which is common for small, exempt companies.

It's clear that Chillout 4 You Ltd is burning through money. The negative assets and declining cash reserves suggest the company is relying heavily on credit and may be struggling to generate sufficient revenue to cover its expenses. The management team, while experienced, faces a difficult task in turning the company’s financial situation around.

Registered in England/Wales under the registration number 12219419, with a registered address at L36 3XR, England, Liverpool, 7 Highfield Road.

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