Rhema Beauty Ltd

Rhema Beauty Ltd, based in London, UK, is a small, active company founded two years ago. With five employees and £99,465 in assets, it operates from a virtual address and is led by one director and owner. The company runs an e-commerce site and regularly imports essential oils and perfumes, with the last import operation occurring in December 2024.

The company’s website, Rhema Beauty Shop, showcases a wide selection of skincare products, including cleansers, toners, serums, and more, catering to a Nigerian market with Lagos delivery options. The site emphasizes gentle, effective products and offers free samples with every order. It also features a blog with skincare tips and product recommendations, demonstrating a focus on customer engagement and expertise.

Financially, Rhema Beauty Ltd’s numbers paint a mixed picture. While current assets increased by 31% to £99,000, net assets decreased by 100% to -£200,000—a significant drop. Cash bank on hand plummeted 39% to £3,300, and trade debtors increased dramatically by 3,600% to £7,700. Creditors, however, rose sharply to £170,000, and taxation social security payable dropped to zero. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the large increase in creditors and substantial net loss suggest potential cash flow challenges. As a small company, it is exempt from an audit, so the figures are unaudited. It seems the company is burning through cash, and it's unclear if the e-commerce site can sustain the business.

Registered in England/Wales under the registration number 14206280, with a registered address at WC2H 9JQ, United Kingdom, London, 71-75 Shelton Street, Covent Garden.

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