Pound Redeemed Ltd

Pound Redeemed Ltd from South Croydon UK: a small, active company founded two years ago, employs just one person, and holds £16,285 in assets. It's a solo founder operation with one director and owner, Lindsay Elizabeth. The company operates in a diverse range of industries, including retail sale via mail order, market research, and even education.

The company’s website, while minimal, suggests a focus on online retail and potentially educational services. It’s not clear if the website is actively used for e-commerce, but the presence of FAQs and a focus on customer service indicates an attempt to build trust. The company's description highlights its commitment to providing "quality products and services" and "building strong relationships" with customers.

Financially, Pound Redeemed Ltd presents a mixed picture. While current assets remain stable at £16,000, net assets have sunk to -£11,000, indicating accumulated losses. Bank borrowings are substantial at £28,000, and cash reserves are minimal at just £1,000. Trade debtors have increased, suggesting a reliance on customer payments, while creditors have remained steady. The company’s small size (meeting two of three conditions for a small company) allows for flexibility, but the negative equity raises concerns. As a small, exempt company, the accounts are unaudited, so the figures rely on director-reported data.

It's apparent that Pound Redeemed Ltd is navigating a challenging financial landscape. While the company appears to be trying to build a customer base, the negative equity suggests it’s burning through money. Whether the company can turn things around remains to be seen—but for now, it’s a story of a small business facing significant headwinds.

Registered in England/Wales under the registration number 14512488, with a registered address at CR2 6PA, England, South Croydon, 20c Selsdon Road.

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