Colour Idea Ltd

Colour Idea Ltd is a small, active company based in Melksham, UK, founded 14 years ago in 2011. With four employees and £42,151 in assets, it’s a solo-founded operation managed by three directors and one owner. The company operates in the retail sale via mail order houses or via internet industries. 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’s website is currently unavailable, so it's difficult to assess its e-commerce presence. However, the description suggests a focus on online retail, potentially with a mail-order component. It’s unclear if the company has a dedicated e-commerce site or utilizes platforms like Etsy or Amazon.

Financially, Colour Idea Ltd shows some concerning trends. Accumulated depreciation has increased by 54%, indicating aging equipment, while cash bank on hand has plummeted 88% to just £1,000. Creditors have decreased significantly by 90%, which is a good sign, but the drop in current assets by 56% to £42,000 raises questions about liquidity. Equity has also decreased by 36% to £40,000. While the company has managed to reduce its trade debtors by 70%, the increase in other creditors by 95% suggests a reliance on short-term financing. The lack of an auditor mentioned (likely exempt as a small company) means these are unaudited figures.

In short, Colour Idea Ltd is facing financial pressures. The decrease in cash reserves and the increase in other creditors suggest the company may be burning through money. While the decrease in creditors is a positive sign, the overall picture is one of caution. The company's small size and solo founder status may make it difficult to secure additional funding or navigate these challenges.

Registered in England/Wales under the registration number 07595577, with a registered address at SN12 8ET, England, Melksham, 18 Shaw Hill, Shaw.

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