Porto & Bello Ltd

Porto & Bello Ltd is a small, active company based in London, UK, founded four years ago in February 2021. It holds £21,600 in assets and operates from a real address at 30 Holly Park, N3 3JD. The company is run by one director and one owner, Baron Joshua Laurence. Porto & Bello Ltd specializes in the retail sale of clothing in specialised stores and is an irregular importer, with its top import category being Clothing and accessories made by knitting or crocheting, totaling 2 months of imports. The last import operation was conducted on April 01, 2022.

The company’s website, portoandbello.com, showcases a collection of accessible clothing designed for medical treatment. The site features a range of products, including sweatshirts and t-shirts, and promotes a charitable initiative where customers can donate sweatshirts anonymously for those who can't afford them. The site also offers free UK delivery on orders over £100 and emphasizes a commitment to ethical and sustainable practices. It’s clear the company is focusing on a niche market, catering to individuals with specific needs and promoting a social mission.

Financially, Porto & Bello Ltd presents a mixed picture. While cash reserves increased by 41% to £31,000, net assets decreased by 73% to just -£2,100. Director borrowings increased significantly, rising 150% to £32,000, while repayments fell 58% to £5,800. Creditors also increased by 8.8% to £33,000, and other taxation social security payable dropped dramatically to zero. The company meets two of three conditions to be considered small: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees. The lack of employees (zero reported) suggests a lean operation, and the unaudited figures rely on director-reported data.

Overall, Porto & Bello Ltd appears to be navigating early-stage challenges. The company’s focus on accessible clothing and charitable giving is commendable, but the declining equity and increased borrowing suggest a need for careful financial management. The company is doing well to have a good website and a good social mission, but it's important to keep an eye on the numbers.

Registered in England/Wales under the registration number 13182999, with a registered address at N3 3JD, England, London, 30 Holly Park.

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