Palette London Limited

Palette London Limited is a small, active company based in Leicester, UK, founded nine years ago in 2015. It’s a solo founder operation with one director and owner, Bainwait Tajinder Kaur, and boasts £125,076 in assets. The company operates an e-commerce site selling nail paints and related beauty products, with a focus on natural and sustainable formulations. It’s an irregular importer, bringing in miscellaneous manufactured goods, with the last import activity recorded two months ago in November 2023.

The company’s website, studiopalettelondon.com, showcases a vibrant range of nail paints, base coats, and cuticle oils, emphasizing cruelty-free, vegan, and planet-friendly ingredients. The site offers complimentary UK delivery over £30 and encourages customers to share their creations using the hashtag #palettelondon. It’s clear the company is focused on building a strong brand identity and engaging with its online community.

Financially, Palette London Limited presents a mixed picture. While cash bank on hand increased significantly by 110% to £45,000, creditors surged by 230% to £160,000—a substantial increase. Trade debtors decreased by 45%, suggesting improved collection rates. However, retained earnings accumulated losses plummeted by 200% to -£23,000, indicating a loss-making year. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the decline in equity is a concern. The company's fixed assets increased by 130%, which could be due to investments in equipment or inventory. With no auditor mentioned (likely exempt as a small company), the unaudited figures rely on director-reported data.

Overall, Palette London Limited seems to be navigating a challenging financial landscape. The company’s strong online presence and commitment to sustainable beauty products offer potential for growth, but managing debt and achieving profitability will be crucial for its long-term success.

Registered in England/Wales under the registration number 09665495, with a registered address at LE7 9HG, United Kingdom, Leicester, Grosvenor House Uppingham Road, Houghton-On-The-Hill.

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