Flab Limited

Flab Ltd from Ilkley UK: a small, family business, active status, founded twelve years ago, employs six people, and holds £168,566 in assets. It has a real address, two directors, and two owners. The company regularly imports clothing and accessories (not knitted or crocheted), with 47 months of import activity recorded.

The company operates in the manufacture of other wearing apparel and accessories. Its website, finance magnates, is a news and information site focused on the financial trading industry. It features news, research, and events related to retail FX, institutional FX, fintech, payments, cryptocurrency, and executive insights. The site also includes a directory of companies and events, as well as a platform for advertising and sponsorship. It’s clear Flab Ltd isn’t directly involved in the trading industry itself, but uses the platform to generate revenue.

Financially, Flab Ltd shows some concerning trends. Current assets have fallen by 21%, dropping to £170,000, while net assets have also decreased by 29%, settling at £110,000. Cash bank on hand, however, has seen a significant increase of 48%, reaching £89,000. Trade debtors have plummeted by 61%, suggesting improved collection practices or reduced sales. The company’s small size (meeting two of three criteria for a small company) helps it remain flexible, but the decline in net assets warrants attention. Liabilities have also changed, with accrued liabilities rising slightly by 3.3%, and other creditors decreasing by a large 78%. The company is exempt from an audit as a small company, so the figures are unaudited.

It’s likely the company is experiencing some growing pains as it navigates the financial trading information landscape. The increase in cash reserves is a positive sign, but the decline in net assets suggests it’s burning through money a bit faster than it’s bringing it in.

Registered in England/Wales under the registration number 08448049, with a registered address at LS29 8PB, England, Ilkley, West Yorkshire, International Development Centre, Valley Drive.

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