Freeqlo Ltd

Freeqlo Ltd is a small, holding company registered in Boldon Colliery, UK, with an active status. Established four years ago in April 2020, it operates with just one employee and holds assets valued at £167,576. The company has a real address and is overseen by two directors and a single owner. It runs an e-commerce site and irregularly imports aluminum and aluminum products, with the last import occurring in October 2024. Its business focuses on retail sales via mail order and internet industries.

The company's website showcases a wide range of products, from LEGO sets and video games to health and beauty items and garden supplies. It's a comprehensive online store, aiming to be a "reliable source for all your needs." The site emphasizes competitive pricing and offers a variety of payment options, including Apple Pay and Shop Pay. It's clear Freeqlo Ltd is trying to be a one-stop shop for consumers.

Financially, Freeqlo Ltd presents a mixed picture. Current assets have decreased by 29%, dropping to £170,000, while net assets have risen by 23%, reaching £120,000. Bank borrowings remain constant at £98,000, but cash reserves have halved to £48,000. Creditors have significantly decreased by 64%, which is a positive sign. However, trade debtors have vanished completely, a rather unusual occurrence. The company’s small size (meeting two of three conditions for a small company) allows for flexibility, but the drop in cash reserves warrants attention. As a small company, it’s exempt from an audit, and the figures are unaudited.

Overall, Freeqlo Ltd appears to be navigating a period of change. While the e-commerce operation seems active, the financial data suggests it’s managing its resources carefully, and perhaps burning through money a little faster than it would like.

Registered in England/Wales under the registration number 12570326, with a registered address at NE35 9HB, England, Boldon Colliery, 14 Eastcombe Close.

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