Dear Barber Ltd

Dear Barber Ltd is a small, holding company based in Leek, UK, with an active status. Founded 40 years ago in 1984, the company employs just two people and holds £602,002 in assets. It operates from a virtual address, a point of concern, and is managed by three directors and owned by two individuals. The company regularly imports plastics and plastic products (19 months) and exports essential oils and perfumes (18 months).

Dear Barber Ltd’s website showcases a premium men’s grooming brand, specializing in hair styling and grooming products. The site is clearly designed for e-commerce, offering a range of products including hair styling tools, beard care essentials, and gifting sets. It emphasizes barber-approved formulations, UK manufacturing, and a 5-star customer rating. The website is well-designed and professional, suggesting a focus on branding and online sales.

Financially, Dear Barber Ltd presents a mixed picture. While current assets have increased by a substantial 53% to £600,000, net losses have deepened to -£23,000. Bank borrowings have increased significantly, reaching £650, and cash reserves have decreased by 16% to £200,000. Creditors have also risen considerably, increasing by 260% to £150,000. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. There’s no mention of an auditor, likely due to the small company status, so the financial statements are unaudited.

The increase in bank borrowings and the growing losses, despite increased assets, suggest Dear Barber Ltd may be reinvesting heavily in its business—perhaps expanding its product line or marketing efforts. However, it's also possible that the company is facing challenges in managing its cash flow. The virtual address, while not inherently problematic, is something to keep an eye on.

Registered in England/Wales under the registration number 01843099, with a registered address at ST13 6BL, England, Leek, Staffordshire, Cherry Tree Court, Cross Street.

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