Grazie Ltd

Grazie Hair Products Limited, based in Tanzania, is a small, active company founded in 2021. It employs a single director, Vernia Vito, and operates an e-commerce site selling premium hair products, shipping to over 50 countries. The company’s website showcases a range of products, from hair oil and relaxers to steaming treatments and hair care packs, all marketed as “premium” and “health-focused.” It’s a solo founder operation with a real registered address.

While the website emphasizes a focus on hair health and beauty, the financial data paints a more complex picture. Current assets are steady at £73,000, but net assets have plummeted to a mere £940—a significant drop. Bank overdrafts remain at £38,000, and creditors are also steady at £91,000. Cash reserves are at £33,000. The company meets two of three conditions to be considered small: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees.

The figures suggest that while the business is generating revenue, it’s also burning through cash. The high level of bank overdrafts and low equity indicate a reliance on borrowing to fund operations. The lack of employees, despite the international shipping, hints at a lean operation, possibly relying on external contractors. The accounts are unaudited, and no auditor is mentioned, which is typical for small companies.

Overall, Grazie Hair Products Limited appears to be a startup with potential, but it’s facing financial challenges. The company’s success hinges on its ability to convert sales into profits and manage its cash flow effectively.

Registered in England/Wales under the registration number 14997671, with a registered address at DE21 5EL, England, Derby, United Kingdom, Ground Floor, Sterling House Outrams Wharf, Little Eaton.

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