Easystrands Ltd

Easystrands Ltd from Plymouth UK: a small company with an active status, founded seven years ago, employs two people, and holds £1,758 in assets. It has a real address, two directors, and one owner. The company is an irregular importer of miscellaneous manufactured goods, with just one month of imports recorded back in 2018.

Easystrands Ltd operates in the retail sale via mail order houses or via internet industries. It’s a small company, meeting two of three conditions: turnover less than £10.2 million, balance sheet total less than £5.1 million, and fewer than 50 employees. The company’s website showcases a unique product: the EasyStrands Tool, designed to hold hair extensions, aiding professionals and increasing productivity. The site highlights the tool’s UK-made quality, versatility, and durability, with glowing testimonials from award-winning hairstylists praising its time-saving and mess-reducing benefits.

Financially, Easystrands Ltd presents a mixed picture. Current assets have decreased by 35% to £5,600, and net assets have fallen by 4.3% to -£46,000. Bank borrowings have decreased by 33%, and cash reserves have increased by 130% to £70. Creditors have increased by 25%, and other creditors have increased by 25%. The company’s small size helps it remain agile, but the decrease in equity raises questions. With no auditor mentioned, the figures rely on unaudited statements.

It appears the company is struggling to maintain its financial health, despite the popularity of its product. Whether it can sustain its growth and overcome these financial challenges remains to be seen.

Registered in England/Wales under the registration number 11302409, with a registered address at PL5 4AU, England, Plymouth, 303 Bodmin Road.

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