Ethy Ltd

Ethy Ltd, based in London, UK, is a small, active company founded six years ago. Despite its status, it's facing some challenges, with accounts currently overdue by eleven months. The company holds £525,082 in assets and operates from a virtual address, a detail highlighted by the fact that nineteen companies share the same address. It’s a lean operation, managed by one director and one owner, although the owner list isn’t exhaustive.

Ethy Ltd’s core business revolves around importing and exporting footwear and related items. They've been regularly importing these goods for nineteen months, with the latest shipment arriving in February 2023. Export activity is more recent, spanning six months, with the last shipment leaving in June 2024. Their website reveals a different, more sophisticated venture: providing sustainability verification services for businesses. They offer a comprehensive platform to help companies measure, communicate, and improve their environmental impact. The site boasts a range of tools, from sustainability assessments to ecolabel widgets and marketing materials, targeting businesses seeking to attract conscious consumers.

Financially, Ethy Ltd presents a mixed picture. While cash reserves increased by a substantial 370% to £100,000, current assets declined by 11% to £530,000. Bank borrowings have also increased, with an overdraft rising by 2,400% to £29,000. Creditors have decreased significantly, dropping by 77% to £20,000, which is a positive sign. However, the most concerning trend is the sharp decline in equity, plummeting 95% to just £110,000. This suggests the company may be burning through cash to fuel its growth, or perhaps facing unexpected expenses. The lack of employees (zero reported) indicates a very lean operation, relying heavily on automation and outsourcing. With no auditor mentioned, the financial statements are unaudited, relying on director-reported data.

Overall, Ethy Ltd is showing signs of a company in transition. While its sustainability verification service appears to be gaining traction, the financial data suggests it’s facing challenges in managing its cash flow. The company’s small size and virtual address are typical of a modern startup, but the declining equity raises concerns about its long-term viability.

Registered in England/Wales under the registration number 11493281, with a registered address at NW11 8SR, England, London, 6 Ground Floor, 220 The Vale.

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