Genie Originals Ltd

Genie Originals Ltd is a small, active company based in Edinburgh, UK, founded two years ago. The company has two employees and holds £57,734 in assets, operating from a virtual address. It's a solo-founded venture with two directors and one owner, Asanga Jonathan Ibrahim.

The company’s website, Encounters with the Truth, presents a unique narrative centered around “Jon Asanga’s” quest for freedom in nature. It's less a traditional e-commerce site and more a chronicle of artistic endeavors, community engagement, and local stories. The site features blog-style posts detailing events, works, and encounters, with a focus on sculpture and community building in the Scottish Highlands. While the site mentions sales, it’s not a clear-cut online store—more of a platform showcasing creative projects and potentially offering related merchandise.

Financially, Genie Originals Ltd appears to be holding steady. Current assets are stable at £58,000, while net assets remain at £20,000. Bank borrowings are minimal at £7,100, and cash reserves are also stable. Trade debtors are £51,000, and creditors are £39,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the lack of substantial growth in assets could indicate a need to explore new revenue streams. With no auditor mentioned (likely exempt as a small company), the unaudited figures rely on director-reported data.

Overall, Genie Originals Ltd seems to be a passion project rather than a high-growth startup. While its financial health appears stable, its long-term success will depend on its ability to monetize its artistic endeavors and community engagement efforts.

Registered in Scotland under the registration number SC762294, with a registered address at EH4 5BP, Scotland, Edinburgh, Q Court, 3 Quality Street.

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