Palm Life Ltd

Palm Life Ltd is a small, active company based in Birmingham, UK, founded six years ago in 2018. With just two employees and £2,291 in assets, it operates from a virtual address, a fact highlighted by the presence of 25 other companies registered at the same location. The company is led by a single director and owner, Dulal Adil Delwar, who also acts as the solo founder.

The business appears to focus on sustainable tableware, with a website showcasing compostable palm leaf plates, knives, forks, and spoons. It’s clearly an e-commerce operation, selling directly to customers and emphasizing vegan, organic, and plastic-free products. The site features blog content on topics like Veganuary and the circular economy, suggesting a commitment to eco-conscious living. They even have a section for “Successful Collaborations,” indicating outreach to other businesses.

Financially, Palm Life Ltd’s numbers paint a concerning picture. Net assets are a negative £44,000, a significant drop from the previous year’s -£41,962. Cash reserves are a meager £230, down from £190. While cash bank on hand did increase, it’s a small amount. Trade creditors have also risen to £4,700. The company’s small size—meeting two of three criteria for a small company—allows for flexibility, but the negative equity and low cash reserves suggest it’s burning through money. The lack of an auditor, likely due to its small size, means these figures are unaudited. It's also worth noting that the number of employees has dropped to zero, which could indicate a change in operations or a reliance on external contractors.

Overall, Palm Life Ltd is a small e-commerce business with a niche focus on sustainable products. However, the financial data reveals a company struggling to stay afloat, and it’s uncertain whether it can maintain its current trajectory.

Registered in England/Wales under the registration number 11603903, with a registered address at B1 3NJ, England, Birmingham, Office 1, Izabella House, 24-26 Regent Place, City Centre.

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