Princess Bling Ltd

Princess Bling Ltd is a small, active company based in London, UK, founded four years ago in 2020. It’s a solo founder operation with one director and one owner, Boswell Michele, and employs just one person. The company operates an e-commerce site from a virtual address shared by 6850 other companies, a bit unusual, and boasts an online store selling a variety of items, including bracelets, necklaces, and even personalized mink lashes. Its website highlights items for the whole family, and even features Autism Speaks and Beary Ice branded products.

The company’s core business revolves around wholesale clothing and footwear, as well as retail sales through online channels. It's clear they're focused on creating a sparkly, fashionable brand, with a mission statement and slogan prominently displayed. The website is well-designed, showcasing products with appealing imagery and clear pricing. They even have a FAQ section explaining their gold-filled jewelry and care instructions.

Financially, Princess Bling Ltd presents a mixed picture. Current assets increased by a healthy 60% to £23,000, but net assets remain negative at -£16,000. Cash bank on hand saw a significant boost of 72%, reaching £4,800, which is good news. However, creditors and other debt increased by 25% and 26% respectively, reaching £40,000 and £39,000. Trade debtors jumped dramatically by 1000%, reaching £110, which could indicate a need to manage customer payments more closely. The company's small size—meeting two of three conditions for a small company—means it’s likely exempt from an audit, relying on unaudited accounts.

Overall, Princess Bling Ltd seems to be growing its sales, but is also burning through cash. The increase in debt suggests it may be relying on credit to fund its operations, and the negative equity indicates it’s still in the investment phase. It’s a common pattern for e-commerce startups, but the company will need to carefully manage its cash flow to ensure long-term sustainability.

Registered in England/Wales under the registration number 12737470, with a registered address at WC2H 9JQ, United Kingdom, London, Greater London, 71-75 Shelton Street.

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