Quirky Boutique Ltd

Quirky Boutique Ltd, based in Spalding, UK, is a small, active company established three years ago. With two employees and £16,699 in assets, it operates from a virtual address – one of 179 companies registered at the same location – and is led by two directors and owners, who are also the solo founders. The business runs an e-commerce site selling quirky home accessories and has been an irregular importer of stone, plaster, cement, and similar materials for a couple of months, with the last import occurring in January 2023.

The company’s website, Quirky Boutique, showcases a wide range of unique homeware, from flower pots and sculptures to tables and lighting. It emphasizes free shipping, a money-back guarantee, and online support, catering to customers seeking something out of the ordinary. The site also features a newsletter signup and social media links, suggesting an effort to build a loyal customer base. It’s clear the business is focused on retail sale via mail order and via internet.

Financially, Quirky Boutique Ltd presents a mixed picture. While cash bank on hand increased by 38% to £1,600, creditors rose significantly by 60% to £23,000, and current assets also increased by 62% to £17,000. However, equity declined by 53% to -£6,200, indicating a potential drain on resources. Debtors decreased by 17%, which is a positive sign, but the negative equity is concerning. The company’s small size (meeting two of three conditions for being small) means it’s likely exempt from an audit, and the financial statements are unaudited.

It seems like Quirky Boutique Ltd is experiencing growing pains. The increase in creditors suggests it's investing in inventory or expanding operations, but the decline in equity raises questions about its long-term financial health. The company's reliance on a virtual address and solo founders may also present management challenges.

Registered in England/Wales under the registration number 14024174, with a registered address at PE11 1AF, England, Spalding, Lincolnshire, 32 The Crescent.

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