Lifesnice Ltd

Lifesnice Ltd from London UK is a small, active company founded eight years ago in 2016. With £327,424 in assets and a virtual address, it operates as a solo-founded business with two directors and one owner. The company runs an e-commerce site and regularly imports various textile products, sets, used clothing, and rags—with the last import activity recorded six months ago in July 2021. It also appears to offer engineering-related consulting and design services.

The company’s website, Buy With Confidence, is a directory of local businesses vetted by Trading Standards. It’s a platform for consumers to find trustworthy local services, from accountants to window cleaners. The site emphasizes the rigorous checks performed on listed businesses, assuring customers of their honesty and reliability. It's a clever way to build trust and visibility for Lifesnice Ltd and other approved businesses.

Financially, Lifesnice Ltd shows a mixed picture. Current assets increased by 30% to £330,000, while net assets decreased by 50% to -£71,000. Bank borrowings increased by 19% to £12,000, and cash reserves dropped by 57% to £7,800. Creditors remained stable at £210,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 20 employees) helps it remain nimble, but the decline in equity is concerning. No auditor is mentioned, likely due to its small size and exemption from an audit.

Overall, Lifesnice Ltd seems to be navigating a challenging financial landscape. While its e-commerce site and Trading Standards approval provide a solid foundation, the company will need to address the equity decline to ensure its long-term sustainability.

Registered in England/Wales under the registration number 10511782, with a registered address at WC2H 9JQ, United Kingdom, London, 71-75 Shelton Street, Covent Garden.

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