Colorbar International Limited

Colorbar International Limited is a small, active company based in London, UK, founded three years ago in July 2021. With a single employee and £33,787 in assets, it operates from a virtual address shared by many other companies – a bit suspicious, really. The company is run by two directors and one owner, Modi Samir, who is also the managing director. It’s a solo founder operation, and the directors list was changed just a month ago, which is a good sign.

The company’s core business revolves around importing essential oils and perfumes, with a consistent record of ten months of import activity. It also operates as an agent involved in the sale of a variety of goods, retail via mail order, and other retail sales. The company's website, however, is currently inaccessible, displaying a message indicating JavaScript is disabled. This suggests a limited or non-existent e-commerce presence.

Financially, Colorbar International Limited presents a mixed picture. Current assets have increased dramatically, soaring by 600% to £900,000, while net losses have also increased substantially, jumping 970% to -£1.9 million. Cash reserves have decreased by 40% to £25,000. Creditors have increased significantly, rising 320% to £480,000, and bank borrowings have increased by 2,400% to £320,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile, but the large equity drop is a concern. The company is audited, and the audit firm is Moore Kingston Smith LLP. The company’s financials are a bit confusing, but it seems like it’s burning through money.

Registered in England/Wales under the registration number 13525580, with a registered address at EC2A 2AP, United Kingdom, London, 6th Floor 9 Appold Street.

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