Item Planet Ltd

Item Planet Ltd is a small, active company based in Huntingdon, UK, founded four years ago. It’s a solo venture, run by a single director and owner, with one employee and £11,659 in assets. The company operates an e-commerce site, likely selling goods online. Its address is a real one, shared by only two other companies, and it's registered under the retail sale via mail order houses or via internet industries.

The company’s website, FX Pedal Planet, reveals a passion for music, specifically guitar effects pedals. It's a boutique retailer, selling a wide range of pedals from various brands, and even offering repair and modification services. The site also features a blog, community page, and even supports a charity called Strings For Hope. It seems like more than just a store; it's a hub for guitar enthusiasts.

Financially, Item Planet Ltd presents a mixed picture. While cash reserves dropped by a significant 89%, falling to just £83, bank borrowings were reduced by 70%, reaching £500. Creditors increased by 16%, now at £31,000, and trade debtors also rose, suggesting potential delays in customer payments. Net assets declined by 32%, landing at -£19,000, a considerable loss. Loans from directors increased by 40%, now at £30,000. Despite meeting the criteria for a small company (turnover under £10.2m, assets under £5.1m, fewer than 50 employees), the decline in equity is concerning. There's no mention of an auditor, which is typical for small, exempt companies.

It appears Item Planet Ltd is navigating a challenging period, likely a result of increased costs and potential supply chain issues. The company's focus on niche products and community engagement, however, suggests a loyal customer base that could help it weather the storm. The director's ongoing financial support, as noted in the report, is a positive sign, but it's clear the business needs to find a way to improve its profitability.

Registered in England/Wales under the registration number 12873254, with a registered address at PE28 2GG, England, Huntingdon, 38 Robertson Way, Sapley.

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