Precious Soles Limited

Precious Soles Ltd, based in London UK, is a small company currently in liquidation status, having been founded 21 years ago. With just six employees and £419,061 in assets, it operates from a virtual address – a fact highlighted by the registration of 259 companies at the same location. The business is a family affair, run by one director and two owners, and features a Google rating of 4.0 based on 99 reviews. It’s a regular importer of footwear and related items, with 14 months of import activity recorded, the latest in September 2024.

The company’s website, Precious Soles, describes itself as an award-winning shoe shop with expert shoefitters. It offers a range of services, including adult and children's shoe fittings, in-house clinics for foot health, and even podiatry treatments. The site also showcases a selection of footwear from trusted brands and promotes a loyalty program for repeat customers. They even have a blog with helpful articles about foot care.

Financially, Precious Soles Ltd presents a mixed picture. Current assets increased by a substantial 86%, reaching £420,000, while net assets grew by 230%, reaching £83,000. However, bank borrowings surged by 16%, reaching £160,000, and retained earnings plummeted 170%, resulting in a negative equity of -£17,000. Creditors also increased, with non-financial instruments growing by 63%. The company’s small size—meeting two of three criteria for a small company—allows for agility, but the negative equity is concerning. As a small company, it is exempt from an audit, so the figures are unaudited. It seems like they’re trying to manage debt, but the losses are a worry.

Registered in England/Wales under the registration number 05067937, with a registered address at W1K 6WE, London, 20 North Audley Street, Mayfair.

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