Power Lounge Ltd

Power Lounge Ltd, based in Swindon, UK, is a small, active company founded four years ago. With eight employees and £127,820 in assets, it operates from a real address and is overseen by two directors and owners. The company has a respectable 4.0 Google rating based on 34 reviews and specializes in importing furniture, lighting, and prefabricated buildings, although import activity has been irregular, with the last operation occurring over two years ago. It operates within the public houses and bars industries.

The company’s website is minimal, lacking detailed product listings or e-commerce functionality. It appears to primarily serve as an informational page, highlighting the company's presence and contact details, suggesting a business-to-business model rather than direct consumer sales.

Financially, Power Lounge Ltd presents a mixed picture. While current assets increased slightly to £130,000, net assets decreased significantly to -£210,000. Bank borrowings have increased substantially, reaching £29,000, and cash reserves have fallen to £1,800. Creditors have also risen considerably, reaching £390,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the negative equity and rising debt levels are concerning. No auditor is mentioned, which is typical for a small, exempt company. The company’s retained earnings and accumulated losses are -£210,000.

Despite the financial challenges, the company’s Google rating suggests a positive customer experience, and its presence in the public houses and bars sector indicates a potentially stable market. The increase in creditors may reflect investment in inventory or expansion efforts, but the decrease in cash reserves warrants closer attention.

Registered in England/Wales under the registration number 13259787, with a registered address at GU11 3HU, England, Aldershot, 2nd Floor, 2 Alexandra Terrace, Alexandra Road.

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