Flexx Lex Ltd

Flexx Lex Ltd from Norwich UK: a small, active company founded six years ago, employs two people, and holds £120,919 in assets. It has a real address, two directors, and one owner. The company regularly imports art and antiques (four months) and exports toys, games, and sports equipment (eleven months).

Flexx Lex operates as a retail business, selling a wide range of collectable art sculptures, toys, gifts, and more through its online store, Flexxlex. The website showcases a diverse selection of items, from prints and clothing to books, lighting, and even furniture, featuring brands like Adriana Oliver, Andy Rementer, and Keith Haring. It also has a section dedicated to "features" and "gifts," and a blog where it interviews artists and brands. The site clearly aims to be a curated online marketplace for unique and design-led products.

Financially, Flexx Lex Ltd presents a mixed picture. Current assets have fallen by a significant 46% to £120,000, while net assets have plummeted 72% to just £27,000. Bank borrowings have decreased by 24%, but cash reserves have dropped dramatically—81%—to a low £32,000. Trade debtors have increased by 70%, which could indicate a growing customer base, but also potential payment delays. Creditors have increased substantially, by 140%, which may be a result of increased stock purchases to meet demand. The company’s small size (meeting two of three conditions for being considered small) helps with agility, but the sharp decline in equity is concerning. As a small company, it's exempt from an audit, so the figures are unaudited.

The company’s focus on importing art and antiques alongside exporting toys and games suggests a diverse revenue stream. However, the financial data indicates that the business is facing challenges, and it’s burning through cash. Whether Flexx Lex can sustain its operations and capitalize on its curated product selection remains to be seen.

Registered in England/Wales under the registration number 11476167, with a registered address at NR1 3DE, England, Norwich, 10a Castle Meadow.

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