Forever 8 Uk Ltd

Forever 8 Uk Ltd is a small, holding company registered in London, UK, with an active status. Founded five years ago in September 2019, the company employs just one person and holds £1,045,249 in assets. It operates from a virtual address, sharing space with 306 other companies, and is overseen by two directors and one owner. Forever 8 Uk Ltd is an irregular importer, primarily dealing in furniture, lighting, and prefabricated buildings, with recent import activity recorded over two months ending in August 2023.

The company's website, Forever 8 Smarter Inventory, focuses on providing capital and order optimization solutions for e-commerce sellers. It offers "nostrings inventory capital," allowing sellers to free up capital tied to their inventory. The company purchases on-hand inventory and replenishes future orders, leveraging data-driven tools to quickly assess risk and deploy capital efficiently. The site highlights a streamlined process: apply, approved, optimize, and replenish—all aimed at improving ordering and simplifying invoicing. Testimonials from various brands praise Forever 8’s ability to enhance future plans, speed up internal procedures, and provide immediate availability of funds.

Financially, Forever 8 Uk Ltd shows a mixed picture. While net assets decreased significantly, dropping 92% to -£760,000, cash bank on hand increased by 100% to £100,000. Trade debtors rose by 40%, suggesting increased sales or extended payment terms, while creditors decreased by 75%, which is a good sign. Average number of employees during the period increased by 200% to three, indicating some growth in operations. The company’s small size—meeting two of three conditions for being considered small—helps it remain flexible, but the decline in equity raises questions about its long-term sustainability. There's no mention of an auditor, which is typical for small, exempt companies. The company’s reliance on unaudited statements means the figures are self-reported, and should be taken with a grain of salt.

Registered in England/Wales under the registration number 12232941, with a registered address at N1 7SR, England, London, International House, 64 Nile Street.

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