Labuda Outlet Ltd

Labuda Outlet Ltd from Tamworth UK: small company, active status, founded 10 years ago, 1 employee, £7,810 assets, real address, 1 director, 1 owner, solo founder. It’s a small, family-run business with a real registered address and a single employee, operating under the watchful eye of one director and owner. Founded back in 2015, the company has been steadily chugging along, with a modest £7,810 in assets.

The company operates in the retail sale via stalls and markets of other goods, and also via mail order houses or via internet. While there's no dedicated website to examine, this suggests a blended approach to sales, likely targeting local markets and online platforms. It’s a pretty standard setup for a small, independent retailer.

Financially, Labuda Outlet Ltd is showing some concerning trends. While the company meets the criteria for a small business—turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees—its equity is deeply in the negative, sitting at -£33,000. Cash on hand is a meagre £110, and trade debtors have risen to £7,700. Creditors are also substantial at £40,000. This suggests the business is struggling to cover its liabilities and is potentially burning through cash. The accounts are described as "Filleted Accounts," meaning they are simplified and exempt from a full audit, which is common for small companies.

The lack of cash and the negative equity are worrying signs, but it's important to remember this is a very small operation. It's possible the company is managing with tight margins and relying on credit to keep going. However, without more information, it’s difficult to say whether this is a temporary setback or a longer-term challenge. There's no auditor mentioned in the report, which is not unusual for a company of this size.

Registered in England/Wales under the registration number 09408652, with a registered address at B77 4HW, England, Tamworth, 6 Hawkside, Wilnecote.

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