Justballoons Limited

Justballoons Limited is a small, active company based in Harrow, UK, founded six years ago in 2018. With a single employee and £22,407 in assets, it operates from a virtual address and is led by a solo founder who also serves as director and owner. Accounts and confirmation statements are currently overdue for the past two years. The company specializes in retail sales via mail order and internet, as evidenced by its website.

The website, Just Balloons, positions itself as the North East’s leading balloon specialists, serving weddings, corporate events, and other occasions. Established in 1991, the business operates from Greenside, Ryton, and covers a wide area including Newcastle, Gateshead, Sunderland, Durham, and Northumberland. Customer testimonials highlight the quality of the balloons and the excellent service provided. The website also features a gallery showcasing past events and contact information, including a phone number and email address.

Financially, Justballoons Limited presents a mixed picture. While the company is small (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees), its equity has plummeted by a staggering 11000%, now sitting at -£12,000. Cash reserves have also experienced a significant drop, falling 97% to just £530. Bank borrowings have increased, reaching £1,100, and creditors have risen by 12% to £28,000. The company’s net current assets and liabilities have also both seen significant changes, decreasing by 170% and increasing by -160% respectively. The lack of an auditor mentioned suggests the company is exempt from an audit as a small company.

Overall, Justballoons Limited appears to be struggling financially, burning through money like a startup. The drop in equity and cash reserves, coupled with increased borrowings, suggests a need for careful financial management. However, the positive customer reviews and established presence in the North East indicate potential for recovery—it's just a matter of getting finances back on track.

Registered in England/Wales under the registration number 11417777, with a registered address at HA3 0HD, England, Harrow, Middlesex, 195a Kenton Road.

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