Khila Life Ltd

Khila Life Ltd, based in Benfleet, UK, is a small, active company founded four years ago. With just £442 in assets and a virtual address shared by many other businesses, it's a solo founder operation managed by one director and owner. The company operates an e-commerce site specializing in vitamin and supplement organizers, a niche product aimed at simplifying healthy habits.

The Khila Life website showcases a range of 7-day supplement organizers, emphasizing their portability and stylish design. It's clearly aimed at busy individuals wanting to maintain their supplement routines on the go. The site offers a free download of a 2023 guide to buying vitamins and supplements in exchange for an email address, a common tactic for building an email marketing list. It's a small business, meeting two of the three conditions to be classified as such: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees.

Financially, Khila Life Ltd has experienced a turbulent year. Cash bank on hand has vanished completely, dropping 100% to zero, while current assets have plummeted 93% to a mere £440. Bank borrowings have increased, rising to £380, and trade creditors have also increased significantly, up 21% to £99,000. Despite these challenges, debtors have decreased by 82%, suggesting improved collection of payments. Equity has suffered a substantial drop of 28%, reaching -£120,000. The lack of employees (zero reported) points to a very lean operation. With no auditor mentioned, the financial statements are unaudited.

Overall, Khila Life Ltd is facing financial headwinds. While the e-commerce site appears functional and targeted, the sharp decline in assets and cash reserves indicates a company burning through money. Whether the solo founder can navigate these challenges and sustain the business remains to be seen.

Registered in England/Wales under the registration number 12570520, with a registered address at SS7 2RF, United Kingdom, Benfleet, Essex, Central Chambers 227 London Road, Hadleigh.

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