Placesplusfaces Ltd.

Placesplusfaces Ltd, based in London, UK, is a small, active company established nine years ago in 2016. With five employees and £162,800 in assets, it operates from a real address and is overseen by two directors and one owner. The business runs an e-commerce site and regularly imports and exports clothing and accessories made by knitting or crocheting—40 months of imports and 14 months of exports recorded.

The company’s website, PlacesFaces, showcases a curated selection of books, apparel, and collaborations. It’s a vibrant online space, featuring new releases, studio visits, and a range of partnerships with brands like Rizla, Xbox, and Havana Club. The site emphasizes a unique aesthetic and a focus on creative expression, positioning PlacesFaces as more than just a retailer—but a lifestyle brand.

Financially, Placesplusfaces Ltd presents a mixed picture. Current assets have decreased by 8.1% to £160,000, while bank borrowings have jumped a staggering 1000% to £10,000. Cash reserves have also declined by 56% to £820, but creditors have decreased by 13%, suggesting improved debt management. Equity has increased by 37% to £22,000, which is good news. 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 increase in borrowings and decrease in cash warrant attention. As a small company, it is exempt from an audit, so the figures are unaudited.

Overall, Placesplusfaces Ltd appears to be navigating a period of change. While its online presence is strong and its brand is developing, the financial data suggests it's burning through cash a little too quickly. Whether it can sustain its growth trajectory remains to be seen.

Registered in England/Wales under the registration number 10006023, with a registered address at N16 7NJ, United Kingdom, London, Unit A, 2 Leswin Place.

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