East Shack Ltd.

East Shack Ltd, based in London, UK, is a small holding company with an active status, established six years ago. Employing eight individuals, the company holds £1,210,237 in assets and operates from a real address. It’s led by two directors and owned by two individuals, including a solo founder. The company runs an e-commerce site and regularly imports furniture, lighting, and prefabricated buildings—the latest import occurring in September 2024.

The company’s website, Candle Shack, is a B2B supplier of candle-making materials. It caters to both hobbyists and commercial candle manufacturers, offering a wide range of waxes, fragrances, containers, and equipment. The site emphasizes quality, expertise, and customer support, with a dedicated academy offering online courses and a blog providing helpful tips and tutorials. It's clear the company is focused on building a strong brand within the niche candle-making industry.

Financially, East Shack Ltd presents a mixed picture. While current assets increased by 46% to £1,200,000, net assets dropped significantly by 56% to £450,000. Bank borrowings have increased substantially, reaching -£1,600,000, and cash reserves have fallen by 60% to £62,000. Trade debtors have also increased by 95% to £860,000, suggesting potential issues with customer payments. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the sharp decline in equity and increased debt raise concerns. As a small company, it’s exempt from an audit, so the figures are unaudited.

It appears East Shack Ltd is experiencing some financial headwinds, despite its strong position in the candle-making supply market. The company's focus on B2B sales and online education suggests a long-term strategy, but managing its debt and maintaining cash flow will be crucial for its future success.

Registered in England/Wales under the registration number 11605114, with a registered address at E1 8EB, England, London, 61a Alie Street.

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