Flaners Ltd

Flaners Ltd from London UK: a small, active company founded four years ago, operates from a virtual address and is led by a solo founder with one director and owner. The company meets the criteria for a small business, having a turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees. It’s a private limited company registered in England/Wales and primarily engages in retail sale via mail order houses or via internet.

Flaners Ltd’s website, though minimal, suggests a focus on e-commerce. The company seems to be operating as an online retailer, selling goods directly to consumers. There’s no elaborate branding or extensive product catalog visible, implying a potentially niche offering or a business model centered around specific, curated items. The website doesn's give much away, but it’s clearly geared towards online sales.

Financially, Flaners Ltd’s recent report paints a concerning picture. While the company operates, its net assets have plummeted by a staggering 31,000%, settling at a negative £310. Cash reserves are down to just £0, a significant drop from the previous year's £1. Liabilities have also increased, with accrued liabilities and creditors both rising. Loans from directors have increased, suggesting a need for external funding. Although the company is small and therefore exempt from an audit, these figures suggest a company struggling to maintain financial stability. The accounts are described as “filleted” and unaudited, which is typical for small entities, but the dramatic shifts in equity and cash flow warrant close attention. It’s possible the company is burning through cash as it invests in growth, but the lack of positive cash flow is a red flag.

Registered in England/Wales under the registration number 13109989, with a registered address at WC2A 1HR, England, London, Suite G04 1 Quality Court, Chancery Lane.

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