Panacea Homeware Ltd

Panacea Homeware Ltd from Glasgow UK: a small, active company founded two years ago, holds just £239 in assets, and operates from a real address. It’s a solo founder operation, managed by a single director and owner, and runs an e-commerce site. The company is involved in retail sale via mail order houses or via internet industries.

The website, Panacea, is a sprawling online marketplace for vitamins, health food products, and supplements. It offers a vast selection, categorized by health concern (immune support, digestive health, etc.) and product type (amino acids, vitamins, protein powders). The site boasts free shipping for orders over £100 and caters to a global audience, offering multiple languages and currencies. It even has a section dedicated to masks and sanitizers, reflecting the recent pandemic. The site’s design is functional, if not particularly stylish, prioritizing product listings and search functionality over aesthetics.

Financially, Panacea Homeware Ltd presents a picture of a very small business struggling to gain traction. Current assets are minimal, and net losses deepened to -£1600. Bank borrowings are also minimal, and cash reserves are low. The company meets the criteria for a small business, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. The lack of employees (zero reported) suggests a lean operation, likely run by the founder. With no auditor mentioned, the figures are unaudited.

The company's low asset base and deepening losses indicate it’s burning through money, but the wide range of products and active e-commerce site suggest a commitment to growth. It’s possible the business is reinvesting heavily in inventory or marketing, but the lack of financial reserves raises concerns about its long-term viability.

Registered in Scotland under the registration number SC757093, with a registered address at G5 0YD, United Kingdom, Glasgow, 37 Kpp Accountancy Ltd, Morris Park, 37 Rosyth Road.

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