Hair Flair Limited

Hair Flair Limited, based in London, UK, is a small, family-run business with an active trading status. Founded 24 years ago in March 2001, it employs just two people and holds £119,371 in assets. The company operates from a virtual address – with 53 other companies registered at the same location – and is led by one director and two owners. It boasts a stellar 5.0 Google rating from 293 reviews, and regularly imports miscellaneous manufactured goods, with 18 months of import activity recorded, the last in August 2021.

The company’s website, though not provided, suggests a wholesale operation focused on intermediate products. It seems to be a small, tight-knit operation, with a focus on quality and customer satisfaction.

Financially, Hair Flair Limited presents a concerning picture. Current assets have plummeted by 71%, falling to £120,000, while net assets have also seen a significant drop of 61%, settling at £140,000. Cash reserves have been decimated, falling 97% to a mere £8,100. Bank borrowings have increased dramatically, rising 2,400% to £29,000, and trade debtors have also decreased by 96%, suggesting difficulties in collecting payments. Creditors have also decreased by 95%, which could be a positive sign of better debt management. 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 agility, but the sharp decline in equity is a worrying trend. The accounts are unaudited, and there is no auditor mentioned, which is common for small companies.

In short, Hair Flair Limited is facing financial headwinds. While its Google rating suggests strong customer satisfaction, the underlying financials paint a picture of a company struggling to maintain its financial stability. The significant drop in cash reserves and the increase in borrowings raise questions about its long-term viability, and it’s not clear if the company is burning through money.

Registered in England/Wales under the registration number 04171001, with a registered address at N1 1QB, England, London, C/O Accountsco, 47 Islington Park Street.

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