Favorito Ltd

Favorito Ltd is a small, active company based in London, UK, founded three years ago in November 2021. It operates from a virtual address, has one director and one owner, and is focused on retail sales via mail order houses or via internet. The company’s size is classified as small, meeting two of three conditions: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees.

The company’s website, MyFavorito, positions itself as a “fanempowered sports sponsorship platform.” It facilitates connections between sports clubs, sponsors, and fans, allowing brands to activate sponsorships and clubs to generate revenue. The platform offers a range of features, including loyalty programs, contests, and video content, all designed to engage fans and drive sales. The site highlights partnerships with various clubs and businesses across Europe and the United States, showcasing the platform’s reach and potential. It seems they are doing ecommerce, selling sponsorship opportunities and related services to businesses and clubs, and offering fans opportunities to earn rewards and support their favorite teams.

Financially, Favorito Ltd is facing challenges. Cash bank on hand has decreased by 30% to just £21, and net assets and liabilities have both increased by 140% to -£4,000. Creditors have also risen significantly, up 140% to £4,000, while trade creditors and payables have increased by 11% to £300. Although the company’s turnover isn’t specified, the negative equity and rising liabilities suggest a cash-burn situation. The lack of employees (zero reported) indicates a lean operation, but the financial strain is evident. The accounts are unaudited, and there's no auditor mentioned, which is typical for small companies.

Despite the financial pressures, Favorito Ltd appears to be actively pursuing its mission of revolutionizing sports sponsorship. The platform’s innovative approach and partnerships with various clubs and businesses demonstrate its potential, but the company will need to address its financial challenges to ensure its long-term sustainability.

Registered in England/Wales under the registration number 13735838, with a registered address at EC2A 4NE, United Kingdom, London, England, 86-90 Paul Street.

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