Laboutik Ltd

Laboutik Ltd, based in London UK, is a small, active company established eleven years ago in March 2014. It employs five people and holds £232,429 in assets, operating from a real address. The company is led by one director and owner. Laboutik Ltd is a regular importer of footwear and related items, with four months of import activity recorded, the last in December 2023.

The company operates in the wholesale of clothing and footwear industries. It’s a small business, meeting two of three criteria: turnover less than £10.2 million, balance sheet total less than £5.1 million, and fewer than 50 employees. While the company is active, its accounts are overdue by a year, and confirmation is overdue by ten months.

Analyzing the financials, Laboutik Ltd shows a mixed picture. Current assets have increased significantly by 99% to £230,000, while cash bank on hand has seen a remarkable 520% jump to £130,000. However, net assets have decreased by 8.4% to -£290,000, and creditors have risen by 19% to £530,000. Bank overdrafts remain stable at £2,000. The increase in debtors by 31% to £98,000 could indicate a period of growth, but also potentially a challenge in collecting payments. The company’s property plant and equipment has decreased by 50% to £4,400, which might be due to depreciation or asset sales. There's no auditor mentioned, likely due to the small company status.

The company’s financial statements are described as “filleted accounts” and were prepared under FRS 102. The accounts show a reliance on retained earnings, which are currently negative. It’s possible the company is burning through cash to fuel growth, or that it’s facing increased costs. The delayed filing of accounts and confirmation statements could be a sign of administrative challenges, but it’s also common for small businesses with limited resources.

Registered in England/Wales under the registration number 08923929, with a registered address at W11 2RS, England, London, 153a Westbourne Grove.

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