K & G Business Ltd

K & G Business Ltd, based in Luton, UK, is a small, active company founded seven years ago. It employs just one person and holds £6,011 in assets. With a real address and a single director and owner, it’s a compact operation. The company operates in the retail sale via mail order houses or via internet industries.

The company’s website, K G Hairdressing Supplies Ltd, is a comprehensive online store catering to the professional hairdressing sector. It lists hundreds of brands, from Andis and Avec to Yasaka Hair Care, offering everything from hair colour and styling products to electrical equipment and PPE. The site’s extensive product range and detailed brand listings suggest a well-established business, and the inclusion of clearance sections and electrical offers indicates a focus on competitive pricing. The website also has a section for nail beauty products, which is a new addition.

Financially, K & G Business Ltd presents a mixed picture. While bank borrowings remained stable at £20,000, cash reserves declined by 160%, dropping to a mere £18. Creditors also increased, jumping 79% to £19,000 within a year. Current assets decreased by 8.5% to £13,000, and net assets also declined significantly, falling 61% to -£25,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay nimble, but the decrease in equity is a concern. The accounts are unaudited, which is common for small companies, and no auditor is mentioned.

The company’s financial data suggests it's struggling to maintain profitability, possibly burning through cash. While the website indicates a thriving business with a wide range of products, the financial numbers raise questions about its long-term sustainability. It’s likely that the company is facing challenges in managing its cash flow and controlling costs, although the increase in other creditors could be due to increased stock purchases.

Registered in England/Wales under the registration number 10781958, with a registered address at LU1 3QX, England, Luton, 65 May Street.

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