Perfume Life Ltd

Perfume Life Ltd, based in Peterborough, UK, is a small, active company founded eight years ago. Despite its status, the business is facing some challenges, with accounts overdue for 11 months and confirmation overdue for a year. The company, which employs just one person, holds £56,266 in assets and operates from a virtual address shared by 128 other companies. It's a solo founder operation, managed by a single director and owner, Kang Bal.

The company’s website, The Perfume Closet, is a thriving online retailer specializing in designer and Arabian fragrances. It offers a wide selection of perfumes, including popular brands like Paco Rabanne, Jimmy Choo, and Lattafa, alongside its own private blends. The site actively promotes its products through blog posts, secret deals, and a loyalty program, targeting fragrance enthusiasts and offering a curated shopping experience. It also has a physical store in Birmingham.

Financially, Perfume Life Ltd is showing some concerning trends. Bank borrowings have increased dramatically, surging by 670% to £18,000, while cash reserves have decreased by 18% to £400. Current assets have also fallen by 16% to £56,000, and net assets have plummeted by 660% to -£37,000. While creditors have decreased, the significant drop in equity and the increase in debt suggest the company is burning through cash. 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 financial pressures are evident. With no auditor mentioned, the figures are unaudited, relying on director-reported data.

It's clear Perfume Life Ltd is facing a tough time, despite the popularity of its online store. Whether the company can turn things around will depend on its ability to manage its debt and improve its cash flow.

Registered in England/Wales under the registration number 10302658, with a registered address at PE1 4AU, United Kingdom, Peterborough, 143 Eastfield Road.

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