Salon Distribution Concepts Limited

Salon Distribution Concepts Limited is a small, active company based in Newport, UK, established eight years ago in 2017. With £243,085 in assets and a real registered address, it employs just three people and is overseen by two directors and owners. The company operates in the wholesale of perfume and cosmetics, regularly importing essential oils and perfumes for 11 months, with the last import in March 2024. It also exports these products, though less frequently, with one month of export activity recorded as of November 2022.

The company’s website is non-existent, which is a little odd for a wholesale business. It suggests a reliance on direct sales, trade shows, or existing relationships rather than online retail. This could mean they focus on building strong, personal connections with their clients.

Financially, Salon Distribution Concepts Limited presents a mixed picture. Current assets increased by 42% to £240,000, which is positive. However, net assets decreased by 15% to £13,000, and bank borrowings remain at £10,000. Creditors have increased significantly by 65%, and trade debtors have also risen by 62%, suggesting a need to manage cash flow more effectively. Cash reserves have improved, increasing by 120% to £25,000, which is a welcome sign. 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 agility, but the increase in creditors warrants attention. As a small company, it’s likely exempt from an audit, so the financial statements are unaudited.

The increase in creditors and debtors could be due to a period of growth, but it's important to monitor these trends closely. The company's owners, Niner Bradley and Hancock Mark Andrew, are likely working hard to navigate these challenges and sustain the business.

Registered in England/Wales under the registration number 10619316, with a registered address at NP20 2DW, United Kingdom, Newport, Gwent, Bradbury House, Mission Court.

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