Flowstone Limited

Flowstone Limited is a small, holding company registered in London, UK, with an active status. Founded six years ago on June 21, 2018, it employs ten people and holds £193,595 in assets. The company operates from a real address shared by three other businesses, and is overseen by one director and one owner. It’s an irregular importer, primarily dealing with iron or steel products, with its last import operation occurring over four years ago in February 2020.

Flowstone Limited’s primary business is retail sale in non-specialised stores with food, beverages or tobacco predominating. It's unclear if the company operates an e-commerce website, but the lack of mention suggests a more traditional retail model.

Financially, Flowstone Limited shows a mixed picture. Current assets have declined by 22%, falling to £190,000, while net assets have also decreased by 11%, settling at £180,000. Bank borrowings have been reduced by 37%, now at £25,000, and cash reserves have fallen by 50%, now at £19,000. Creditors have decreased by 37%, suggesting improved debt management, but trade debtors have increased by 48%, indicating a possible delay in customer payments. The company meets two of three conditions to be considered small: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. With no auditor mentioned, the accounts are unaudited.

The sharp decline in equity, however, is a concern. While the reduction in bank borrowings is positive, the decrease in cash reserves and increase in trade debtors suggest the company is burning through money. The single director and owner structure, while efficient, could also indicate a lack of management depth. It's a small company, but the financials reveal a company that is struggling to maintain its financial health.

Registered in England/Wales under the registration number 11426082, with a registered address at SW18 4GQ, England, London, Lu. 106 The Source Bulk Foods, 1 Filament Walk.

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