Figo Limited

Figo Limited is a small, active company based in London, UK, established six years ago. It’s a solo founder operation with one director and one employee, holding £18,380 in assets. The company operates from a virtual address, registered at 17 Green Lanes, which shares space with 753 other businesses. Figo Limited's activities span non-specialised wholesale trade, retail sales via mail order and internet, and management consultancy services.

The company’s website, Figo Hair, showcases a network of hair salons in Bath, Corsham, and Keynsham, alongside a barbershop called FigoMAN. They offer a range of services, from classic haircuts to modern styling, and emphasize sustainability, using eco-friendly products and partnering with Full Circle recycling. The website also features a blog, customer reviews, and job postings for experienced stylists.

Financially, Figo Limited shows a mixed picture. Current assets have decreased by 33% to £18,000, while net assets have fallen 71% to just £660. Cash reserves have also dropped significantly, down 89% to a mere £170. Trade debtors have increased dramatically, up 110%, suggesting potential issues with customer payments. However, creditors have decreased by 29%, indicating some improvement in debt management. The company's small size (meeting two of three criteria for a small company) allows for flexibility, but the decline in equity is a cause for concern. The accounts are unaudited, and no auditor is mentioned.

It seems like Figo Limited is facing some financial headwinds, with a significant drop in equity and cash reserves. Whether this is a temporary setback or a longer-term challenge remains to be seen—but the company’s focus on sustainability and customer satisfaction could help it weather the storm.

Registered in England/Wales under the registration number 11325956, with a registered address at N16 9BS, England, London, 17 Green Lanes.

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