Essence Boutique Limited

Essence Boutique Limited is a small, active company from Bristol, UK, founded six years ago in December 2018. It’s a solo founder operation with one director and two employees, boasting £98,876 in assets and a real address. The company operates an e-commerce site selling plus-size women's fashion, catering to a niche market with a focus on new arrivals, collections, and brand ambassadors.

The website, Essence Boutique Plus Size Women Fashion Boutique, showcases a range of clothing, including dresses, jumpsuits, tops, and bottoms, with a particular emphasis on new arrivals and collections. The site features clear product categories, a user-friendly interface, and secure payment options, demonstrating a commitment to a positive online shopping experience. The site also includes customer care information, refund policies, and contact details, further enhancing its professionalism.

Financially, Essence Boutique Limited presents a mixed picture. While current assets have decreased by 20% to £99,000, finished goods have also fallen by 14% to £92,000. Bank borrowings have seen a significant reduction, dropping 49% to £13,000, which is a positive sign. However, net assets and liabilities have worsened, increasing by 7.6% to -£71,000, and net current assets and liabilities have increased by 55% to -£59,000. Cash bank on hand has fallen by a considerable 70% to £270. Creditors have remained relatively stable, suggesting that the company is managing its short-term debt obligations. The company is exempt from an audit, and the financial statements are unaudited.

The company’s small size—meeting two of three criteria for a small company—allows for flexibility, but the decline in equity and cash reserves suggests that Essence Boutique is burning through money. The reduction in bank borrowings is a positive sign, but the company will need to carefully manage its expenses and increase sales to ensure its long-term viability. It's likely the company is still in its growth phase, and these figures reflect the challenges of scaling a small e-commerce business.

Registered in England/Wales under the registration number 11740431, with a registered address at BS14 8LZ, United Kingdom, Bristol, 38 Warman Close, Stockwood.

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