Justo Limited

Justo Ltd from London UK: a small company with an active status, was founded 18 years ago and currently employs four people. The company holds assets worth £964,939 and operates from a real address, overseen by two directors and one owner. It’s a regular importer of furniture, lighting, and prefabricated buildings, with 21 months of import activity recorded, the last operation made in October 2024. The company operates in the other professional, scientific and technical activities n.e.c. industries.

The company’s website is not available, so it’s difficult to determine if it’s an e-commerce business. However, the import activity suggests a wholesale or distribution model, supplying businesses rather than selling directly to consumers.

Financially, Justo Ltd presents a mixed picture. While current assets increased by 19% to £960,000, net assets decreased by 8.8% to £210,000. Bank borrowings were reduced by 50% to £62,000, and cash reserves plummeted 99% to just £970. Creditors increased by 36% to £750,000, and trade debtors ballooned by 1900% to £960,000. 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 agility, but the dramatic decrease in cash reserves and the significant increase in trade debtors raise concerns. There is no auditor mentioned, so the figures are unaudited.

The sharp increase in trade debtors suggests the company may be struggling to collect payments from its customers, or perhaps it has extended credit terms to boost sales. The decrease in cash reserves, combined with the increase in creditors, could indicate the company is burning through money faster than it’s earning it. However, the reduction in bank borrowings is a positive sign, suggesting the company is managing its debt effectively.

Registered in England/Wales under the registration number 06095790, with a registered address at W10 5NQ, London, 4 Kerrington Court, 314 Ladbroke Grove.

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