Fetoo Ltd

Fetoo Ltd from Manchester UK: a small, active company founded eight years ago, is facing some financial headwinds. The company, established in May 2016, employs just one person and operates from a real address shared by four other businesses. It’s a solo founder operation, led by a single director and owner, He Genshui. Fetoo Ltd is a regular importer of clothing and accessories, not knitted or crocheted, with 32 months of import activity recorded, the last in October 2019. The company’s activities involve retail sale via mail order houses or via internet.

While the company website is currently unavailable, its operations appear focused on online retail. The business likely operates an e-commerce site, but without a live website, it's difficult to confirm the specifics of its product offerings or target market.

Financially, Fetoo Ltd is showing concerning trends. Cash bank on hand has plummeted by 52%, dropping to just £470. Equity has also taken a significant hit, falling 83% to £99. Net assets and liabilities have followed suit, decreasing by 83% to £100. While short-term creditors have decreased slightly by 3.4%, the dramatic decline in cash and equity suggests the company is burning through money. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the steep decline in equity raises concerns. The accounts are unaudited and exempt, relying on director-reported data.

It’s possible the company is facing increased competition or experiencing difficulties managing its cash flow. The lack of a live website could also be hindering sales and visibility.

Registered in England/Wales under the registration number 10165138, with a registered address at M1 4EJ, England, Manchester, 2f, 16 Nicholas Street.

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