Laola Limited

Laola Limited is a small, active e-commerce company based in South Croydon, UK, founded five years ago in 2020. Run by a solo founder, Risbud Geya, who also serves as director and owner, the company employs just one person and holds a modest £10 in assets. With a real registered address, it operates an online store selling clothing, particularly hoodies and t-shirts, and seems to be pausing operations soon.

The website, LAOLA, showcases a collection of streetwear-inspired designs, with a focus on limited-edition drops and unique graphics. It also highlights a "Teddy material inside" hoodies and a "Dual sided hood" feature, aiming for high-quality and comfortable apparel. The site also mentions a "Tshirt Collection" and "Hoodie Collection" with a "Wave" sub-collection, suggesting a broader range of products. It even advertises a "3 pack bundle" with "LAOLA Deals" to encourage purchases.

Financially, Laola Limited is showing signs of a business struggling to gain traction. Turnover has halved from £4,000 to just £2,000, while net losses have deepened to -£230. Cash reserves have vanished, leaving the company with no bank balance. Trade debtors have increased significantly, suggesting customers are taking longer to pay, and creditors have also risen, indicating increased reliance on borrowing. The company’s small size (meeting two of three criteria for a small company) allows for agility, but the sharp decline in profitability is concerning. As a small company, it’s exempt from an audit, so the figures are unaudited.

It appears Laola Limited is facing challenges in converting website traffic into sales and managing its finances effectively. The decision to pause operations suggests a need for reassessment or a strategic shift.

Registered in England/Wales under the registration number 12492996, with a registered address at CR2 8HP, England, South Croydon, 108 Broadcoombe.

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