Lt Best Gifts Ltd

Lt Best Gifts Ltd is a small, active company based in London, UK, founded five years ago in 2019. It’s a solo founder operation with one director and owner, employing just one person and holding £1,572 in assets. The company operates an e-commerce site, but its registered address is likely virtual, as 5433 other companies share the same location.

The website, ltbestgifts.com, focuses on gifting, offering "FREE SHIPPING ON ALL ORDERS" and curated collections like "Gifts for Mum" and "Gifts for Your Partner." It emphasizes a personal touch, describing its products as "a testament to our vision and dedication" and promising each piece carries "a unique story." The site is powered by Shopify and accepts various payment methods, including American Express and PayPal.

Financially, Lt Best Gifts Ltd is showing concerning trends. Cash bank on hand has plummeted 94%, dropping from £21,000 to just £1,300. Current assets have also decreased significantly, by 92%, to £1,600. Equity has suffered a substantial hit, falling 85% to £2,600. Creditors have also dropped, though, by 95%, to £210. The company’s small size (meeting two of three conditions for a small company) helps with agility, but the sharp decline in equity and cash reserves suggests a need for careful management. There's no auditor mentioned, which is common for small companies. It seems like they are burning through cash, but it's hard to tell if this is normal for a startup or a more serious issue.

Registered in England/Wales under the registration number 12178283, with a registered address at WC2H 9JQ, England, London, 71-75 Shelton Street.

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