Joizi Ltd

Joizi Ltd from Edinburgh UK: a small, active company founded five years ago, employs three people, and holds £98,523 in assets. It operates from a virtual address – a fact highlighted by sixty other companies registered at the same location – and is led by two directors and two owners. The company runs an e-commerce site selling waterproof bed pads, marketed under the brand PeapodMats.

The website showcases a wide range of bedwetting mats, highlighting their waterproof, breathable design and grippy bottom layer that stays in place without straps. It also offers helpful guides on bedwetting and potty training, and even sells related products like fire extinguishers. The site’s design is professional, and customer reviews are overwhelmingly positive.

Financially, Joizi Ltd’s recent report reveals some concerning trends. Cash bank on hand has fallen by a significant 75%, dropping to £25,000. Current assets have also decreased substantially, by 47%, and net assets have plummeted by a whopping 1100%, landing at -£61,000. Bank borrowings have also increased, though not dramatically, by 22%. It’s worth noting that trade debtors have fallen by 72%, which could be a positive sign of improved collections. The company’s small size – meeting two of three conditions for being classified as small – helps it remain flexible, but the sharp decline in equity raises questions about its financial health. With no auditor mentioned, the figures are unaudited.

The company’s reliance on a virtual address, combined with the declining financial metrics, suggests Joizi Ltd might be facing challenges in scaling its operations. It’s possible the company is reinvesting heavily in marketing or product development, but the significant drop in equity warrants close monitoring.

Registered in Scotland under the registration number SC630597, with a registered address at EH2 4AN, Scotland, Edinburgh, Midlothian, 5 South Charlotte Street.

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