Nostaljik Ltd

Nostaljik Ltd from Potters Bar UK: small company, active status, founded 4 years ago, £5,412 assets, virtual address, 1 director, 1 owner, solo founder. It’s a small business, meeting two of the three conditions to be classified as such: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees. The company, incorporated on May 12, 2020, operates in the other manufacturing n.e.c., and retail sale via mail order houses or via internet industries. It's currently active, though the address, shared by ten other companies, is likely virtual.

The Nostaljik Ltd website showcases a range of hand-poured scented candles, diffusers, wax burners, and car scent melts, all marketed under the tagline "Scented Candles Hand Poured in London." The site’s design is clean and visually appealing, with high-quality product photography and a focus on evoking memories through fragrance. It's clearly an e-commerce business, with a "Shop" section featuring various candle scents like Ibiza Clean Cotton, Cyprus Jasmine, and Barcelona Neroli Ylang Ylang. The website also highlights a "luxury candle range" packaged in black vessels and tied with silk ribbons. It offers free shipping for orders above £45 and encourages subscriptions to a mailing list for a 10% discount.

Financially, Nostaljik Ltd’s recent performance paints a mixed picture. Cash bank on hand decreased by 19% to £1,800, and current assets fell by 14% to £5,400. Equity, however, experienced a significant drop of 55%, falling to just £1,700—a concerning trend. Creditors increased by 53%, suggesting potential challenges in managing short-term debts. Trade creditors also rose dramatically, by 8300%, which is a bit strange. The company’s small size, with zero employees reported, allows for agility, but the decline in equity warrants attention. No auditor is mentioned, which is typical for a small, audit-exempt company. The company’s financial statements are unaudited, relying on director-reported data.

Overall, Nostaljik Ltd appears to be a small e-commerce venture with a niche product offering. While the website suggests a focus on quality and customer experience, the financial data reveals a company that may be burning through cash. Whether the business can sustain its growth and profitability remains to be seen.

Registered in England/Wales under the registration number 12598201, with a registered address at EN6 1TL, England, Potters Bar, Hertfordshire, Unit 2 32-34 Station Close.

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