Coolthingz Ltd

Coolthingz Ltd is a small, active company based in Eastleigh, UK, founded three years ago in January 2022. The company, with three employees and £28,735 in assets, operates an e-commerce site and is involved in the retail sale via mail order houses or via internet. It has two directors and two owners, and its registered address is real, with only one other company registered at the same location.

The company’s website suggests a focus on online retail, although specific product details are not readily available. The site’s presence indicates a commitment to e-commerce, with a likely emphasis on direct-to-consumer sales.

Financially, Coolthingz Ltd presents a mixed picture. While cash reserves saw a dramatic increase of 17,000%, jumping to £25,000, current assets dropped significantly by 44% to £29,000. Creditors also decreased by 30%, falling to £7,800, which could indicate improved debt management. However, net assets plummeted by 360%, ending at -£32,000—a substantial decline. Trade debtors have decreased dramatically, falling by 99% to just £310. 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 nimble, but the equity drop is concerning. No auditor is mentioned, as the company is likely exempt.

Overall, Coolthingz Ltd appears to be navigating a period of financial adjustment. The large increase in cash is encouraging, but the decline in equity and net assets suggests the company is burning through money. It's likely the company is still in its growth phase, and these fluctuations are to be expected.

Registered in England/Wales under the registration number 13837965, with a registered address at SO50 4SY, England, Eastleigh, Chesil House Arrow Close, C/O Light Work Accounting Ltd.

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