Floorsauce Ltd

Floorsauce Ltd from London UK: a small, active company founded six years ago, employs two people, and holds £20,844 in assets. Operating from a virtual address, the company is led by two directors and owned by Mills Simon Lawrence and Iyabo Bamford. It’s a regular importer of tanning and dyeing products, with ten months of import activity recorded, the last in February 2025. The company operates in the wholesale of furniture, carpets, and lighting equipment industries.

The company’s website is not available, so it’s difficult to determine if it operates an e-commerce site. However, the company’s description suggests a wholesale operation, likely selling to retailers or contractors rather than directly to consumers.

Financially, Floorsauce Ltd presents a mixed picture. Current assets have fallen by a substantial 60%, dropping to £21,000, while net assets have plummeted 100% to -£46,000—a worrying trend. Bank borrowings have decreased by 34%, reaching £5,900, and cash reserves have vanished completely. Creditors have decreased by 36%, suggesting better debt management, but other debtors have jumped to £21,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay nimble, but the significant equity drop is concerning. No auditor is mentioned, likely due to the company’s small size and exemption from an audit.

The company’s reliance on imports, particularly tanning and dyeing products, could be a vulnerability given global supply chain fluctuations. The sudden drop in cash reserves and the negative equity suggest the company may be burning through money faster than it’s generating revenue—a common challenge for startups. While the decrease in creditors is a positive sign, the increase in other debtors indicates potential issues with collecting payments from customers.

Registered in England/Wales under the registration number 11902543, with a registered address at EC1V 2NX, United Kingdom, London, 128 City Road.

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