Luxurious Personal Care Ltd

Luxurious Personal Care Ltd from Hoddesdon UK is a large, active company founded six years ago. With six employees and £8,328,693 in assets, it generates a yearly revenue of £18,165,642. Despite having a registered address, it’s likely a virtual one, as 104 companies share the same location. The business is family-owned and operated by two directors and two owners. It regularly imports plastics and plastic products (89 months) and exports essential oils and perfumes (5 months).

The company's website highlights its role as a launchpad for beauty and personal care brands, offering distribution services and igniting creativity. It boasts a 23,000 sqft distribution centre and emphasizes sparking brand revolutions.

Financially, Luxurious Personal Care Ltd shows some interesting trends. While turnover increased by 38% to £18 million, net assets only grew slightly. Cash reserves increased by 49% to £140,000, which is a positive sign. However, bank borrowings increased significantly by 89%, reaching £2.7 million, and trade debtors rose by 49% to £4.7 million, suggesting potential issues with collecting payments. Administrative expenses increased by 39% to £770,000, which could be due to business growth. The company’s size (meeting two of three criteria for a large company) allows for agility, but the increase in debt warrants attention. The company’s auditor is Trevor Jones Chartered Accountants.

The business is clearly focused on growth, importing a large volume of plastics and exporting niche beauty products. Whether the increase in debt is a short-term consequence of expansion or a longer-term challenge remains to be seen.

Registered in England/Wales under the registration number 11834000, with a registered address at EN11 8LQ, United Kingdom, Hoddesdon, Hertfordshire, Building 1 St Cross Chambers, Upper Marsh Lane.

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