Greenistheglass Limited

Greenistheglass Limited is a small, active company based in London, UK, founded four years ago in May 19, 2020. With just £193 in assets and a virtual address shared by 532 other companies, it’s a solo founder operation run by two directors and one owner, Jonathan James Mansfield. The company operates in the retail sale via mail order houses or via internet industries, specializing in Greek-inspired designer and upcycled glass tableware, as showcased on its Etsy shop and website.

The company’s website, Greenistheglass, highlights a passion for Mediterranean light and lifestyle, inspired by Greek glass artist Lefteris Mystakas. It’s a story of Melissa and Jonathan, lovers of life, creating unique, handmade, elegant objects for people to enjoy. The site emphasizes upcycled and Hellenic designer ranges, offering a touch of elegance and warmth. Customer testimonials praise the unique style and design of the glassware, its environmental benefits, and the personal touch offered by the founder.

Financially, Greenistheglass Limited is showing some concerning trends. While cash reserves increased significantly to £190, net assets plummeted to -£91,000, a substantial loss. Creditors rose by 14% to £93,000, and property, plant, and equipment decreased by 66% to just £1,200. 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 large equity drop suggests it’s burning through cash. No auditor is mentioned, and the financial statements are unaudited, relying on director-reported data.

It seems Greenistheglass is a passion project facing financial headwinds. The company's unique product offering and positive customer feedback are encouraging, but the negative equity and rising debts indicate a need for careful management to ensure its long-term viability.

Registered in England/Wales under the registration number 12624163, with a registered address at WC2H 7HF, United Kingdom, London, Calder & Co, 30 Orange Street.

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