Letterbox Livefoods Ltd

Letterbox Livefoods Ltd from Cowes UK is a small company with an active status, founded three years ago. It operates from a real address, is led by two directors and owned by two individuals, and runs an e-commerce site. The company is classified as small, meeting two of three conditions: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees. Its status is active, and it operates in the retail sale via mail order houses or via internet industries. Hartley Louise and Reed Neil are the directors and owners, and the company was incorporated on August 04, 2021.

Letterbox Livefoods Ltd specializes in delivering live reptile food directly to customers' doorsteps through their innovative letterbox-friendly tubs. The website showcases a wide range of feeder insects, including locusts, crickets, mealworms, and more, all available for purchase online. The site’s design is modern and user-friendly, with clear product descriptions, customer reviews, and a blog offering helpful information for reptile owners. The company emphasizes freshness, convenience, and fast UK delivery, aiming to provide a hassle-free experience for customers. They even offer discounts and a newsletter signup, further enhancing the customer experience.

Financially, Letterbox Livefoods Ltd presents a mixed picture. Cash bank on hand has decreased significantly by 40%, falling to £3,100. Creditors have increased by 16%, reaching £3,400, while other creditors have risen by 31%, reaching £2,600. Equity has taken a big hit, with retained earnings and accumulated losses plummeting by 93%, leaving only £140. The company’s net current assets and liabilities have also shifted dramatically, with a change of -120%. Despite these challenges, the company’s small size allows for agility, but the significant equity decline warrants attention. The accounts are unaudited, as is typical for small companies.

It seems like the company is burning through cash, which is not unusual for a startup. The focus on convenience and direct delivery is a strong selling point, but the financial data suggests a need for careful management and potentially new strategies to improve profitability.

Registered in England/Wales under the registration number 13546423, with a registered address at PO31 7HE, England, Cowes, 42 Shamblers Road.

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