Sh Shop Limited

Sh Shop Limited is a small, active company based in London, UK, founded two years ago in April 2023. It operates as an e-commerce site, selling jewellery, scarves, and accessories, and employs just one person. The company’s assets are reported at a modest £1,596, with a real registered address shared by three other businesses. It’s a solo founder operation, managed by a single director and owner, Ahmed Hasib Uddin.

The company’s website, SHSales Jewellery Scarves Wholesalers, showcases a range of products, including scarves, hats, gloves, and jewellery. It caters to wholesale buyers, offering a variety of items and emphasizing quick delivery. Existing customers can register for an account to access the site and pay using their trade accounts. The site clearly aims to provide a convenient and efficient online shopping experience, with a focus on wholesale pricing and fast shipping.

Financially, Sh Shop Limited’s situation appears delicate. Current assets are reported at just £1,600, while net assets are negative at -£330. Bank borrowings are also negative, and cash reserves are minimal. Creditors are substantial at £1,900, and trade debtors are £770. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) means it’s nimble, but the negative equity and reliance on short-term debt are concerning. The accounts are unaudited, and no auditor is mentioned, which is typical for small companies.

Overall, Sh Shop Limited is facing financial headwinds. While its e-commerce operation seems active, the numbers suggest it’s burning through cash and relying heavily on credit. Whether it can turn things around will depend on its ability to increase sales and manage its expenses effectively.

Registered in England/Wales under the registration number 14779726, with a registered address at E6 1DQ, United Kingdom, London, 292-294 Plashet Grove.

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