Gielfi Ltd

Gielfi Ltd from Brentford UK: a small, active company founded three years ago, holds just £-11,559 in assets, and operates a solo-founded e-commerce site. With a real address and one director, it’s a compact operation. The company specialises in the retail sale of leather goods, both in specialised stores and via the internet, offering a range of handbags and accessories.

The website, Gielfi, showcases a collection of sustainably sourced and eco-friendly handbags and leather goods, emphasizing craftsmanship and empowerment of women. It's clear they're targeting a conscious consumer, with a focus on quality and ethical production. The site highlights collections like the Bianca and Clair bags, alongside limited-edition pieces and a "Layers Edit" – suggesting a curated selection. They’re also actively promoting their brand on social media, with presence on Facebook, Pinterest, Instagram, and TikTok.

Financially, Gielfi Ltd is facing some challenges. While the company is small (meeting two of three criteria for a small company), current assets have decreased by 53% to -£12,000, and net assets have plummeted 39% to -£62,000. Cash on hand remains at -£12,000, a concerning trend. Trade debtors have disappeared entirely, while creditors have increased by 36% to £50,000. Loans from directors have also risen by 36% to £50,000. The lack of employees (zero reported) points to a very lean operation, and the unaudited accounts, exempt as a small company, rely on director-reported data.

It seems like Gielfi Ltd is burning through cash, likely a common experience for startups. The increased debt and declining assets suggest a need to carefully manage expenses and potentially explore new revenue streams. Whether the focus on sustainability and ethical production will be enough to offset these financial pressures remains to be seen.

Registered in England/Wales under the registration number 13812181, with a registered address at TW8 9DW, United Kingdom, Brentford, C/O Accounts And Finance Consultants Ltd, 1000 Great West Road.

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