Polesilks Limited

Polesilks Limited, based in Ilkeston, UK, is a small, active company established a decade ago. With two employees and £22,741 in assets, it operates from a real address and is led by a single director and owner. The business functions as an irregular exporter, primarily dealing in miscellaneous manufactured goods, with its last export operation occurring over two years ago.

The company’s website showcases a unique product: Polesilks, a collaboration between silks fabric and pole fitness. It’s an e-commerce venture selling body lotion, grip aids, aerial playground equipment, and polesilks themselves—available in black or pink, and designed to fit various pole sizes. The site emphasizes safety, British craftsmanship, and studio discounts, positioning itself as a specialist in pole fitness accessories.

Financially, Polesilks Limited presents a mixed picture. Cash bank on hand dropped by 55% to £5,500, while bank borrowings increased significantly. Creditors decreased by 71%, suggesting improved debt management, but trade debtors rose by 39%, which could indicate delayed payments. Equity, however, saw a dramatic increase of over 600%, reaching £3,400, a positive sign after previous losses. The company’s small size (meeting two of three conditions for a small company) allows for agility, but the decline in cash reserves warrants attention. No auditor is mentioned, reflecting its exemption as a small company.

Overall, Polesilks Limited seems to be navigating a period of change. While its e-commerce platform appears active and its products niche, the financial figures suggest a company working to manage its resources effectively.

Registered in England/Wales under the registration number 09509825, with a registered address at DE7 8DY, England, Ilkeston, Derbyshire, Office 7, Castledine House, 5 Heanor Road.

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