Only Colours Ltd

Only Colours Ltd is a small, active company from London, UK, founded four years ago in February 2021. It holds just £3,236 in assets and operates from a virtual address, a bit unusual considering 91192 other companies share the same location. The company is run by two directors and a single owner, who is also the solo founder.

The business focuses on retail sales via mail order and the internet, offering a range of products including phone cases, cushions, aluminium prints, and clothing. Its website, Just Colour, encourages customers to "customise now" and boasts a 20% discount for first-time buyers using the code COLOUR20. The site highlights metal prints made with recycled materials and offers a variety of printing options for phone cases, cushions, and more. It’s a pretty slick operation, with a focus on high-quality materials and vibrant colours.

Financially, Only Colours Ltd shows a mixed bag. Current assets have increased slightly to £3,200, but net assets have plummeted to -£8,100. Bank borrowings have disappeared completely, a positive sign, but cash reserves remain low at £260. Creditors have increased significantly, reaching £11,000, and trade debtors have fallen. The company's small size—meeting two of three criteria for a small company—allows for flexibility, but the substantial equity loss suggests it’s burning through cash. As a small company, it's exempt from an audit, so these figures are unaudited.

It seems Only Colours Ltd is navigating the challenges of a small e-commerce business. The website looks professional and the product range is appealing, but the financial data indicates a need for careful management to ensure long-term sustainability.

Registered in England/Wales under the registration number 13202206, 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.