Parrot Street Ltd

Parrot Street Ltd is a small, active company based in New Malden, UK, founded seven years ago in 2017. It’s a private limited company with two directors and two owners, operating an e-commerce site focused on children's book subscriptions. The company has £8,187 in assets and a real registered address, and employs no staff. It’s a small business as it met two conditions of three: turnover less than £10.2 million, balance sheet less than £5.1 million, and employees less than 50.

The company's website, Parrot Street Book Club, is a curated bookshop offering subscription boxes and one-off purchases for children aged 5 to 14. It specializes in hand-picked chapter books, with a focus on diverse and inclusive titles. The site offers a range of subscription options, including themed boxes and gift sets, and caters to different age groups and interests. It also features a blog with book recommendations and activity ideas.

Financially, Parrot Street Ltd presents a mixed picture. Cash bank on hand increased significantly by 130%, reaching £4,300, which is good news. However, net assets and liabilities both decreased by 23%, settling at -£16,000. Trade debtors decreased by 25%, while creditors remained constant at £24,000. The company’s retained earnings and accumulated losses have also been impacted. The accounts are unaudited and prepared under FRS 102 Section 1A, a common practice for small entities. It seems like the business is experiencing some financial strain, but the increased cash reserves suggest a possible turnaround. It’s likely that the company’s small size and lack of employees (zero reported) contribute to its agility, but the equity drop raises concerns.

Registered in England/Wales under the registration number 10754547, with a registered address at KT3 4DR, England, New Malden, 72 Malden Hill.

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