Cosmetologist Hull Limited

Cosmetologist Hull Limited, based in Hull, UK, is a small, active company founded two years ago. With a single employee and £29,519 in assets, it operates an e-commerce site and boasts a stellar 5.0 Google rating from 42 reviews. The company is led by a solo founder, Ko Hakan, who also serves as director and owner. It's registered at a real address shared by three other companies, suggesting a potentially cost-effective business location.

The website showcases a wide range of hair care products, from ghd styling tools to luxury brands like Krastase, Olaplex, and Color Wow. It offers a comprehensive selection, catering to various hair types and concerns, with a particular emphasis on professional-grade products. The site also features a robust selection of electrical tools, hair extensions, and gift sets, alongside a blog offering hair care tips and advice. The site’s extensive product range and multiple currency options—spanning from Afghanistan to Zimbabwe—indicate a desire to reach a broad international customer base.

Financially, Cosmetologist Hull Limited presents a mixed picture. While cash reserves plummeted by a significant 95%, dropping to a mere £88, current assets saw a massive 650% increase to £30,000. Trade debtors also rose dramatically, increasing by 1300% to £29,000, which could indicate increased sales but also potential issues with customer payments. Despite this, creditors decreased by 6.5% to £56,000, suggesting some improvement in managing liabilities. Equity, however, remains negative at -£9,800, a considerable decline from the previous year. The company's small size—meeting two of three criteria for a small business—means it’s exempt from an audit, relying on unaudited financial statements.

The surge in debtors and the negative equity, combined with the reduced cash reserves, suggest the company is experiencing rapid growth but is also burning through cash. While the strong Google rating and active e-commerce platform are positive signs, the financial data indicates a need for careful cash flow management to ensure long-term sustainability.

Registered in England/Wales under the registration number 14301105, with a registered address at HU3 6PB, England, Hull, 376 Anlaby Road.

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