Ready For Collection Ltd

Ready For Collection Ltd is a small, active e-commerce company based in London, UK. Founded just two years ago in December 2022, it employs two people and holds £6,205 in assets. The company operates from a virtual address, sharing a location with 1394 other businesses, and is led by a solo founder and director, Lazarus Jake Aaron. It specializes in retail sales via mail order and the internet, offering limited edition A1 prints starting at £69.99.

The company's website showcases a range of prints, with a focus on seasonal designs and promotional offers. It provides multiple payment options, including American Express, Apple Pay, and Klarna, and highlights its commitment to shipping, returns, and customer support. The website also mentions a partnership with Hikenield House, Icknield Way, Hampshire, SP10 5RG, United Kingdom, suggesting a possible distribution or storage facility.

Financially, Ready For Collection Ltd is showing some concerning trends. While the company is small, meeting two of three criteria for a small company (turnover under £10.2m, assets under £5.1m, and fewer than 50 employees), its net assets are negative at -£41,000. Cash reserves are minimal at just £180, and creditors have reached £47,000. Although debtors are at £3,000, the significant liabilities suggest the company is burning through money. The company’s bank borrowings are at £30,000. There is no mention of an auditor, likely due to the company’s small size and exemption from an audit.

Despite the e-commerce site’s professional appearance and focus on limited edition prints, the financial data paints a picture of a startup struggling to achieve profitability. The reliance on external funding from Lazarus Jake Aaron, who is both the director and owner, is apparent. Whether Ready For Collection Ltd can overcome these financial challenges and establish a sustainable business remains to be seen.

Registered in England/Wales under the registration number 14543302, with a registered address at W1T 7NF, United Kingdom, London, Level 5a Maple House, 149 Tottenham Court Road.

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