Home Luxury Point Ltd

Home Luxury Point Ltd is a small, active company based in London, UK, founded five years ago in 2019. It operates as a solo-founded e-commerce business with a virtual address and a single director and owner, Kumarannehalage Don Upul Indika. The company specializes in retail sales via mail order and the internet, offering a range of diffusers and scented products.

The company’s website, Home Luxury Scents, showcases a wide selection of reed diffusers and scents, all available for same-day delivery. The site is well-designed, with a clean aesthetic and easy navigation, featuring a variety of scents inspired by global destinations like Paris, Miami, and Tokyo. It’s a modern, online-focused business.

Financially, Home Luxury Point Ltd presents a mixed picture. Current assets have significantly decreased, falling 43% to just £2,000. Net assets have also taken a hit, dropping 39% to -£4,900. Bank borrowings have decreased by 34%, however, overdrafts have increased substantially by 330%. Cash reserves have plummeted 83%, leaving just £540. Trade debtors have increased by 250%, suggesting potential issues with customer payments. Despite these challenges, creditors have decreased by 34%, which is a positive sign. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. There’s no auditor mentioned, which is typical for small companies.

The significant decrease in cash reserves and the negative net assets are concerning, indicating that the company may be burning through money faster than it’s generating revenue. The increase in overdrafts suggests a reliance on short-term borrowing to cover expenses. However, the decrease in creditors shows some improvement in managing debt. It’s likely that the company is still in its early stages of growth, facing the common challenges of a startup.

Registered in England/Wales under the registration number 12252395, with a registered address at WC2A 2JR, England, London, 7 Bell Yard.

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