Levitate Distribution Ltd

Levitate Distribution Ltd from Kingswinford UK is a small, active company founded five years ago. With a single employee and £7,222 in assets, it operates as a solo founder-led e-commerce site from a virtual address – a point of note as 127 companies are registered at the same location. The company has one director and one owner, Brookes Levi Tyler, who also serves as the director.

The business specializes in retail sales via mail order and the internet, offering a range of gifts and accessories. The website, Hello Gifts UK, showcases a wide selection of gift boxes, apparel, skincare, and other items, emphasizing award-winning, stylish, and fun products. It also operates a marketplace featuring individual bestselling items. The site actively promotes its partnerships with Not On The High Street, Etsy, and Amazon, highlighting its commitment to reaching a broad customer base. The website has a great selection of gifts, and the site is well designed.

Financially, Levitate Distribution Ltd shows some concerning trends. Cash reserves have plummeted by 89%, dropping to just £770. Creditors have increased by 32%, reaching £11,000, and net assets have dramatically declined to -£2,800. While trade debtors have increased by 190%, suggesting potentially delayed payments, the significant decrease in equity is a key area of concern. The company’s small size – meeting two of three conditions for a small company – helps it remain flexible, but the sharp drop in equity raises questions about its financial health. The unaudited figures, with no auditor mentioned, rely on director-reported data.

It seems like the company is burning through money, which is not unexpected for a startup. The virtual address and small size, while offering flexibility, also raise questions about scalability and long-term sustainability.

Registered in England/Wales under the registration number 12079152, with a registered address at DY6 9HS, Kingswinford, West Midlands, Brook House, Moss Grove.

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