Jolanta's Gold Ltd

Jolanta's Gold Ltd is a small, active company based in Waterloo, Ontario, Canada, founded two years ago in 2022. With £9,924 in assets and a real address at 10 Algers Walk, it’s a solo-founded operation run by a single director and owner, Jermaka Jolanta. The business operates a medical spa and salon, offering a wide range of services from facials and massages to laser treatments and semi-permanent makeup. Its website, Jolantas European Spa, showcases a luxurious experience with a focus on advanced skincare technology and premium products. The spa even boasts accreditation as a 5-star medical spa in the Kitchener-Waterloo area.

Financially, Jolanta's Gold Ltd is showing some concerning trends. Current assets have dropped significantly by 65%, falling to just £9,900. Equity has plummeted by a staggering 15,000%, ending at a negative £26,000—a serious decline. Bank borrowings have increased by 27%, reaching £38,000, and cash reserves have evaporated by 130%, leaving just a negative £650. Creditors, however, have also increased by 27%, suggesting a reliance on short-term financing. 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 sharp decline in equity is a red flag. No auditor is mentioned, likely due to the company's small size and exemption from an audit.

The company’s website highlights a focus on advanced treatments and premium products, but the financial data suggests it’s burning through cash. The increase in bank borrowings and the negative equity position indicate a need for improved cash flow management. While the spa’s reputation appears strong based on its website and online reviews, the financial numbers raise questions about its long-term sustainability.

Registered in England/Wales under the registration number 14404413, with a registered address at PE11 3AH, England, Spalding, 10 Algers Walk.

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