Polines Ltd

Polines Ltd is a small, active company based in London, UK, founded four years ago in December 2020. It holds £1,002 in assets and operates from a virtual address, a fact highlighted by the presence of 5630 other companies registered at the same location. The company is run by two directors and two owners, although the list of owners is not exhaustive as it only includes those holding more than twenty-five percent of shares.

Polines Ltd’s business activities are diverse, encompassing the maintenance and repair of motor vehicles, retail sales via mail order and the internet, taxi operation, and even hairdressing and beauty treatments. It’s a small company, meeting two of the three criteria: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees. The company's website is currently unavailable, so it’s difficult to assess its e-commerce presence or specific marketing strategies.

Financially, Polines Ltd has experienced a concerning downturn. Cash bank on hand has plummeted by a staggering 95%, dropping from £20,000 to just £1,000. Current assets have followed suit, decreasing by 95% to £1,000. Fixed assets have also seen a significant decline, falling by 69% to £19,000. While intangible assets have remained relatively stable, the sharp drop in cash and current assets suggests a potential liquidity crunch. Disposals of property, plant, and equipment were consistent with the previous year. It's worth noting that the company’s equity has also decreased by 75%, falling from £81,000 to £20,000. The accounts are abridged and unaudited, and the company is exempt from an audit under Section 477 of the Companies Act 2006. The company’s director signing financial statements is Tetiana Terlyha.

The company’s financial situation seems to be burning through money, with a significant reduction in assets and cash reserves. It’s possible that the company has been investing in growth or facing unexpected expenses, but the lack of information makes it difficult to determine the exact cause. The lack of employees (zero reported) suggests a lean operation, but the financial strain raises concerns about its long-term viability.

Registered in England/Wales under the registration number 13087584, with a registered address at WC2H 9JQ, England, London, 71-75 Shelton Street, Covent Garden.

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