Freedom One Life Limited

Freedom One Life Ltd, based in Glasgow, UK, is a small, active company founded eleven years ago in 2013. With three employees and £247,940 in assets, it's a modest operation led by a solo founder, Papanikolaou Alex, and overseen by six directors. The company has a real address and operates from Suite 122, Pentagon Centre. It regularly imports vehicles, parts, and accessories (excluding trains and trams), with six months of import activity recorded, the last in December 2024. Export activity is less frequent, with just one month of exports recorded in October 2024.

The company's website showcases the Series 5 powered wheelchair—a premium product designed for extended range and comfort. It's marketed as a high-performance wheelchair with a focus on reliability, customizability, and ease of use. The website emphasizes its long battery life, powerful motors, and crash-tested design, targeting users who require a durable and adaptable mobility solution. It’s clear the company is focused on direct-to-consumer sales through its website, offering a test drive booking service and showcasing a community of users.

Financially, Freedom One Life Ltd shows some interesting trends. Current assets increased by a substantial 89% to £250,000, while net assets rose by 20% to £440,000. However, bank borrowings decreased by 52%, and cash reserves fell 30% to £110,000. Trade debtors have increased significantly, rising by 160% to £83,000, which could indicate a shift towards offering credit terms to customers. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. No auditor is mentioned, likely due to its small size.

Overall, Freedom One Life Ltd appears to be growing, with increased assets and a healthy net asset position. The rise in trade debtors suggests a focus on sales growth, but it’s important to monitor cash flow to ensure the company can manage its obligations. The company’s focus on a premium product and direct-to-consumer sales could be a successful strategy, but it’s essential to maintain financial discipline to navigate any challenges.

Registered in Scotland under the registration number SC459783, with a registered address at G3 8AZ, United Kingdom, Glasgow, Suite 122, Pentagon Centre 36 Washington Street.

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