Sharlmagnum Ltd

Sharlmagnum Ltd from London UK: a small, active company founded two years ago, operates from a virtual address, and is led by a solo founder who also serves as the sole director and owner. The company’s status is active, and it’s considered small, meeting two of three conditions: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees.

The company specializes in retail sale via mail order houses or via internet, and its website, while currently unavailable, suggests a focus on shop equipment. It's a private limited company registered in England/Wales with the registration number 14379128, and its registered address is EC1V 2NX, United Kingdom, London, 128 City Road – an address shared by many other companies, indicating a virtual address.

Financially, Sharlmagnum Ltd’s situation appears challenging. The company’s net assets and liabilities both stand at -£1100, indicating a negative equity position. Cash reserves are non-existent, and bank borrowings are not reported. While creditors remain stable, the lack of any positive equity suggests the company is burning through money. The accounts are classified as “Filleted Accounts,” meaning they are simplified and unaudited, and prepared under the Small Entities regime. There's no mention of an auditor, which is typical for small companies.

Despite these financial pressures, the company’s small size allows for agility. The solo founder’s dedication, combined with the online retail model, could potentially lead to a turnaround. However, the current situation suggests a need for careful management and possibly a re-evaluation of the business model.

Registered in England/Wales under the registration number 14379128, with a registered address at EC1V 2NX, United Kingdom, London, 128 City Road.

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