Life Oils (sw) Ltd

Life Oils (sw) Ltd is a small, active company based in Paignton, UK, founded just one year ago in April 9 2023. With £516 in assets and a real registered address, it’s a solo-founded operation run by a single director and owner, Davis Scott. The business operates an e-commerce site focused on premium CBD oils and health supplements, as evidenced by its website. It’s a tight-knit operation with just one employee.

The website, Life Oils, emphasizes high-quality CBD products used and tested by the founders themselves. It offers a range of items, including Magnesium Bisglycinate, Energize and Calm Premium CBD Oils, B Complex, and Irish Sea Moss. The site highlights positive customer reviews, praising the products' effectiveness in alleviating migraines, improving sleep, and reducing anxiety. The company's mission is to supply the highest quality CBD oils and health supplements, partnering with the UK’s leading supplier of EU-approved cannabis extracts.

Financially, Life Oils (sw) Ltd presents a picture of a very early-stage business. Net assets are negative at -£8,000, and cash reserves are a modest £520. Bank borrowings remain steady at £4,500. Creditors are £8,600, and trade debtors are not reported. The lack of significant revenue is reflected in the low asset base. The company meets the criteria for a small company, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. As a small company, it’s exempt from an audit, relying on unaudited financial statements.

While the e-commerce side appears active and well-reviewed, the financials suggest a business still finding its footing. The negative equity indicates the company is burning through cash, but it’s not unusual for a startup. Whether Life Oils can sustain its growth and profitability remains to be seen.

Registered in England/Wales under the registration number 14823037, with a registered address at TQ3 1LN, United Kingdom, Paignton, Devon, 8 Laura Grove.

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