Lifeart Limited

Lifeart Limited, based in London, UK, is a small, active company founded 14 years ago in 2010. It operates with a solo founder, one director, and a single employee, holding £22,907 in assets and utilizing a virtual address. The company is irregular importer, primarily dealing in essential oils and perfumes, with just one month of import activity recorded back in 2016. Its business model involves retail sales via mail order and internet, as detailed on its website.

The Lifeart.com website, currently launching soon, encourages visitors to subscribe for updates and follow its social media channels. It prominently displays a copyright notice and mentions being powered by GoDaddy, and uses cookies to optimize the website experience. This suggests a modern, digitally-focused approach, even if the company itself is relatively small.

Financially, Lifeart Limited presents a mixed picture. Current assets have decreased by 11%, dropping to £23,000, while net assets have fallen by 19%, reaching -£42,000. Cash bank on hand has also declined significantly, plummeting 63% to just £600. Trade debtors have increased by 39%, indicating potentially delayed customer payments. On a positive note, creditors have decreased slightly, suggesting improved debt management. The company’s small size (meeting two of three conditions for a small company) helps maintain agility, but the significant equity decline raises concerns. As a small company, it is exempt from an audit, and the figures are unaudited.

Overall, Lifeart Limited appears to be navigating a challenging period. While its website hints at a forward-thinking approach, the financial data suggests the company is burning through money, potentially due to startup costs or market pressures. The lack of employees and reliance on a single founder could also be a limiting factor.

Registered in England/Wales under the registration number 07350628, with a registered address at W1D 5PG, England, London, 1st Floor 6 Gerrard Street.

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