Local Greens Limited

Local Greens Limited is a small, active company based in London, UK, founded fourteen years ago in 2011. With just four employees and £9,764 in assets, it’s a modest operation. The company has three directors, but no owners are listed, which is a bit unusual. It operates in the retail sale via mail order houses or via internet industries.

The company’s website, Local Greens, focuses on delivering fresh, organic vegetable boxes from local farms. It highlights a "why join us" section, detailing how it works and emphasizing community and education. The site is clearly geared towards e-commerce, with sections for "Veg bags," "Addins," "Bread," and "Fruit," alongside customer support and community news. It’s a well-designed site, suggesting a focus on customer experience.

Financially, Local Greens Limited presents a mixed picture. Accumulated depreciation has increased slightly, and bank borrowings remain steady at £7,000. However, cash reserves have decreased by 22% to £6,400, and current assets have fallen significantly by 33% to £9,800. Most concerning is the dramatic shift in equity, which has plummeted to -£16,000 from just £18 – a 90,000% decrease. Creditors have also increased substantially, rising by 90% to £13,000. The company’s small size (meeting two of three criteria for a small company) helps it remain flexible, but the large equity loss and increased debt are worrying. No auditor is listed, which is common for small, exempt companies.

Overall, Local Greens Limited seems to be facing financial headwinds. While the e-commerce side appears to be functioning well, the underlying financials suggest the company is burning through money. The lack of listed owners and the substantial losses raise questions about the long-term sustainability of the business.

Registered in England/Wales under the registration number 07591650, with a registered address at SE24 9LB, England, London, 15 Holmdene Avenue.

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