Polish Daisy Ltd

Polish Daisy Ltd, based in Glasgow, UK, is a small, active company founded 14 years ago. With 10 employees and £112,280 in assets, it’s a solo-founded operation led by a single director and owner. The business boasts a solid 4.0 Google rating from 118 reviews and operates in the retail sale of food, beverages, or tobacco. It’s an irregular importer, primarily dealing in essential oils and perfumes, with just one month of import activity recorded as of August 2024.

The company’s website is currently undergoing maintenance, with a message informing customers that orders are temporarily suspended. A link to their Facebook page is provided as an alternative. This suggests a possible shift in focus or temporary operational challenges. The website’s design is simple, with a focus on customer service and a lost password recovery feature.

Financially, Polish Daisy Ltd presents a mixed picture. Current assets have decreased by 29%, dropping to £110,000, while net assets have risen slightly to £95,000. Bank borrowings have significantly reduced by 58%, falling to £21,000, and cash reserves have increased by 27% to £71,000. However, the company's average number of employees has increased dramatically by 70%, rising to 17—a notable change that may be linked to increased demand or operational expansion. Creditors have also decreased by 16%, which is a positive sign. The company qualifies as a small business, meeting two of three criteria: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. As a small company, it is exempt from an audit, and the financials are unaudited.

The increase in employees, despite the decrease in current assets, could indicate a strategic investment in growth. However, the decrease in cash reserves and the reliance on bank borrowings suggest that the company is burning through money. The lack of an auditor is not unusual for a small company, but it does mean that the financial statements are not independently verified. It’s a bit concerning that the company’s equity has decreased, but the decrease in creditors is a good sign.

Registered in Scotland under the registration number SC394911, with a registered address at G42 7RR, Glasgow, 77 Calder Street.

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