Scent Retail Ltd

Scent Retail Ltd is a small, active company based in Worthing, UK, established sixteen years ago in 2009. With two employees and £53,659 in assets, it's a modest operation run by a solo founder, alongside two directors and one owner. The company operates in the wholesale of perfume and cosmetics industries. It’s a regular importer of soaps, cleaning products, and waxes, with 37 months of import activity recorded, the latest in November 2024. It also exports these same products, though with only three months of export activity, also concluding in November 2024. The company has a real registered address shared by seven other businesses.

The company’s website is not available, so it’s difficult to determine if they have an e-commerce presence. However, their wholesale focus suggests they primarily deal with other businesses rather than directly with consumers.

Financially, Scent Retail Ltd presents a mixed picture. Current assets increased by 4.4% to £54,000, while net assets decreased by 58% to -£16,000 – a significant drop. Bank borrowings decreased by 68%, reaching £7,800, and cash reserves increased by 110% to £380. Creditors decreased by 26%, suggesting better debt management. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay agile, but the equity drop is concerning. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

The company’s financial statements show a decline in equity, which could indicate the business is burning through money. However, the decrease in bank borrowings and increase in cash reserves suggest they are managing their debt effectively. The decrease in creditors also indicates improved payment terms with suppliers. The company's financial data shows a lack of depreciation on the equipment, which is unusual. It is possible that the company is not fully depreciating its assets, which could be a sign of financial distress.

Registered in England/Wales under the registration number 06784731, with a registered address at BN12 4NX, Worthing, West Sussex, 303 Goring Road Goring By Sea.

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