Pyt Hairstyle Ltd

Pyt Hairstyle Ltd, a small company based in London, UK, has been active since its founding four years ago. With five employees and £219,067 in assets, it’s a solo-founded venture led by a single director and owner. The company regularly imports electrical machinery and equipment, with 34 months of import activity recorded. It operates from a virtual address, registered at 129 Station Road, NW4 4NJ, which is shared by 125 other companies.

Pyt Hairstyle Ltd’s website reveals a focus on hair styling products, particularly flat irons and curling irons, sold through an online store. The site promotes itself as offering "the stylist you don't need an appointment for!" and highlights its products' quality and performance. The company's business is in the other retail sale in non-specialised stores industries.

Financially, Pyt Hairstyle Ltd shows a mixed picture. Current assets have increased by 19%, reaching £220,000, while cash reserves have decreased by 27%, settling at £64,000. Bank borrowings have surged by 2,400%, reaching £29,000, and creditors have decreased by 9.8%, suggesting better debt management. However, other creditors have increased by a staggering 11,000%, reaching £26,000. Trade debtors have increased by 71%, indicating a possible reliance on customer payments. The company meets two of three conditions to be considered small—turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees—and no auditor is mentioned, meaning the financial statements are unaudited.

Overall, Pyt Hairstyle Ltd appears to be experiencing some financial strain, with increased debt and a decrease in cash reserves. However, the company’s growth in assets and better debt management suggest it’s actively working to improve its financial position. The company has increased the number of employees to 7, which is a 40% increase.

Registered in England/Wales under the registration number 13157664, with a registered address at NW4 4NJ, England, London, 129 Station Road.

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