Panacea Atelier Ltd

Panacea Atelier Ltd from London UK: a small, active company founded three years ago, employs one person, holds £18,777 in assets, operates from a virtual address, and is led by a single director and owner who is also the solo founder. It runs an e-commerce site selling a range of products from handbags and accessories to candles and even marketing consultancy services.

The company's website showcases a collection of handcrafted bags, accessories, and home goods, emphasizing natural materials and unique designs. It also offers marketing consultancy services, suggesting a diversification of revenue streams beyond retail. The site's aesthetic is refined and appeals to a customer base interested in sustainable and ethically sourced products. While the website shows a wide range of products, it’s clear that the core business is selling handbags and accessories online.

Financially, Panacea Atelier Ltd presents a mixed picture. Cash bank on hand has increased significantly by 360% to £15,000, a positive sign. However, creditors have also risen, with short-term creditors up 21% and taxation social security payable increasing by a whopping 1600%. Trade debtors have increased dramatically, too, by 1700%. Equity, however, has plummeted – a sharp decrease of 100% leaving only £13. The company’s small size (meeting two of three criteria for being small) means it’s likely exempt from an audit, relying on unaudited accounts. The company’s net assets liabilities have also improved significantly, jumping from -£8,700 to £110.

Overall, Panacea Atelier Ltd appears to be navigating a period of growth, but also facing increased financial pressures. The surge in debtors suggests potential challenges in collecting payments, while the rise in creditors indicates a need to manage short-term liabilities. The significant drop in equity is a cause for concern, but the increase in cash reserves provides some buffer. It’s likely that the company is reinvesting in its business, but careful financial management will be crucial for long-term sustainability.

Registered in England/Wales under the registration number 13383439, with a registered address at N15 5EA, England, London, 151 West Green Road.

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