Lengbox Ltd.

Lengbox Ltd, based in Grays, UK, is a small, active company founded eight years ago. With a single employee and £2,720 in assets, it operates as a solo-founder venture, managed by two directors and one owner. The company runs an e-commerce site specializing in KBeauty boxes, offering monthly subscriptions and one-off kits featuring Korean skincare and makeup products. It’s an irregular importer, bringing in soaps, cleaning products, and waxes, with its last import operation recorded just one month ago in February 2024.

The Lengbox website showcases a curated selection of popular KBeauty brands, offering a variety of products from cleansers and toners to sheet masks and sleeping masks. It caters to different skin types and concerns, with a focus on providing a convenient and affordable way for customers to discover new Korean beauty trends. The site also features a blog with skincare routines and wellbeing tips, reinforcing its position as a KBeauty expert.

Financially, Lengbox Ltd presents a mixed picture. Current assets have plummeted by a staggering 95%, dropping to just £2,700, while net assets have swung into negative territory at -£47,000. Bank borrowings have increased by 21%, reaching £30,000, and cash reserves have evaporated, falling 87% to just £190. Creditors have increased by 86%, reaching £21,000. 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 remain flexible, but the sharp decline in equity is concerning. As a small company, it’s likely exempt from an audit, so the figures are unaudited.

The company’s reliance on a single employee and the significant losses suggest it’s burning through money. Whether this is a typical startup phase or a longer-term challenge remains to be seen, but Lengbox Ltd’s success hinges on maintaining its loyal customer base and finding ways to improve profitability.

Registered in England/Wales under the registration number 10350899, with a registered address at RM16 2QR, England, Grays, Essex, 15 Jesmond Road.

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