Prosto Ltd

Prosto Ltd from London UK: a small, active company founded five years ago, currently has accounts and confirmation statements overdue for a year, holds £8,667 in assets, operates from a virtual address, and is managed by two directors with no officially registered owners. The company meets the criteria to be considered small, having turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees.

Prosto Ltd operates an online retail business, selling clothing and accessories for men, women, and children. The website, Prosto.com, showcases a streetwear-inspired aesthetic with a focus on urban style and original designs. The site offers a wide range of products, including t-shirts, hoodies, jeans, and caps, with new collections and collaborations frequently released. The site also features a music section, selling CDs and merchandise from various artists. Free shipping is offered for orders over £300.

Financially, Prosto Ltd’s recent performance paints a mixed picture. Current assets have fallen by a significant 31% to £8,700, while net assets have plummeted 9.1% to -£53,000. Bank overdrafts remain steady at £29, but cash reserves have shrunk by 38% to £1,200. Creditors have also decreased slightly, but trade payables have risen by 31%, suggesting a need to manage supplier relationships. The company’s small size and lack of employees (just one reported) allows for agility, but the declining equity raises concerns. The accounts are unaudited, and no auditor is mentioned, which is typical for a small company.

The company's reliance on a virtual address, shared by fifty-seven other businesses, is also a point of interest. While not necessarily problematic, it could raise questions about the company’s physical presence and operational transparency. The lack of registered owners, with the directors likely holding all shares, could also complicate future ownership transitions.

Registered in England/Wales under the registration number 12483515, with a registered address at W3 0BU, England, London, 317 Horn Lane.

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