Ear Buddies Limited

Ear Buddies Limited, based in Leeds, UK, is a small holding company with an active status, having been founded 29 years ago in 1995. The company, which employs just two people, holds £140,302 in assets and operates from a virtual address – registered at an address shared by 28 other companies. It’s managed by two directors and owned by Shovelfood Ltd. The company runs an e-commerce site, and irregularly exports optical and medical tools and devices, with the last export operation taking place two months ago in July 2022.

The company’s website, EarBuddies, focuses on providing a permanent solution to stick-out ears in babies, offering a surgery-free alternative to traditional methods. The site details the benefits of using EarBuddies, emphasizing its ease of use, effectiveness, and the avoidance of surgery. It even features testimonials from satisfied parents and highlights the company's endorsement by medical experts. The site also boasts a range of products and accessories, including a premium pack and basic kit, catering to different needs and budgets.

Financially, Ear Buddies Limited’s report presents a mixed picture. Accumulated amortisation for intangible assets increased by 49%, while bank borrowings decreased by 69%. Creditors remained stable at £150,000, and the company’s average number of employees stayed at two. However, equity significantly decreased by 61%, dropping to just £4,400. Net current assets and liabilities also show a decline. The company’s small size – meeting two of three conditions for a small company – helps it remain flexible, but the drop in equity raises concerns. The report is unaudited, likely due to its status as a small company.

Overall, Ear Buddies Limited appears to be a stable, albeit small, business. The e-commerce site and product offering are well-developed, but the financial data suggests a need for careful management to ensure long-term sustainability.

Registered in England/Wales under the registration number 03063812, with a registered address at LS2 7PN, Leeds, Northgate, 118 North Street.

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