Sandsea Ltd

Sandsea Ltd from Southampton UK: a small, active company founded two years ago, currently has confirmation overdue by three months, operates from a real address, and is led by one director and owner, who is also the solo founder. It runs an e-commerce site. The company meets two of three conditions to be considered small: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees.

The company’s website showcases a range of toys and games, with a focus on educational products, plush toys, and custom animal toys. It offers a "premium service" both online and in-store, emphasizing bonuses for regular customers and fast shipping. The site also features a blog with content aimed at parents and toddlers, and highlights partnerships with various brands. It’s clear Sandsea Ltd is trying to position itself as more than just a toy retailer, but as a resource for parents seeking quality and engaging products for their children.

Financially, Sandsea Ltd is showing some concerning trends. Net assets have plummeted to -£3,500, a significant drop from the previous year. Cash reserves are dwindling, and bank borrowings have increased, suggesting the company may be relying on credit to cover its expenses. While creditors have also increased, this could be a result of expanded business activity. The company employs zero people, which is typical for a small, solo-founded operation, but the negative equity is a red flag. The accounts are "filleted," meaning they are exempt from a full audit, and prepared using Taxfiler software. Rapid Accountants Ltd is listed as the accountants.

Overall, Sandsea Ltd appears to be struggling financially despite its active e-commerce presence. The negative equity and reliance on bank borrowings suggest the company is burning through money, although it's possible this is a temporary situation common among startups. Whether the company can turn things around will depend on its ability to generate sales and manage its expenses effectively.

Registered in England/Wales under the registration number 14557038, with a registered address at SO15 3EU, England, Southampton, 8 Shirley Road.

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