Salonserve Hair & Beauty Supplies Ltd

Salonserve Hair & Beauty Supplies Ltd from Irthlingborough, UK, is a small, active company that’s been a fixture in the beauty supply industry for three decades. Founded in 1994, it employs fourteen people and holds £2,059,984 in assets. With a real address and a single director and owner, the business operates with a relatively lean structure. It boasts a solid 4.0 Google rating based on seventy-three reviews, and is a regular importer of furniture, lighting, and prefabricated buildings, with its last import operation recorded twenty-nine months ago.

The company’s website paints a picture of a wholesale supplier catering to professionals. It specializes in hair, nail, and beauty salon supplies, offering a wide range of products from branded items to its own Salonserve range. The site emphasizes competitive pricing, a “lowest price promise,” and free next-day delivery for orders over £65—a common tactic for attracting online customers. It even has a learning center offering advice for aspiring salon owners.

Financially, Salonserve shows some interesting trends. Cash bank on hand decreased by 32%, dropping to £120,000, while bank borrowings increased significantly, jumping 150% to £150,000. Creditors also rose by 70%, reaching £640,000. However, trade debtors increased by 22%, which could indicate expanding sales. The company meets the criteria for a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than fifty employees. There’s no auditor mentioned, which is typical for companies of this size.

While the business seems to be operating, the increase in debt alongside a decrease in cash reserves suggests it’s potentially burning through money. The company’s reliance on regular imports, particularly furniture and lighting, could also be a vulnerability given current supply chain challenges. It's a well-established business with a good reputation, but it’s important to keep an eye on its financial health moving forward.

Registered in England/Wales under the registration number 03003903, with a registered address at NN9 5QF, England, Irthlingborough, Northants, Lexicon House, Station Road.

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