Sheabutter Cottage Limited

Sheabutter Cottage Limited, based in Reading, UK, is a small, active company founded 14 years ago. With four employees and £857 in assets, this family-run business operates an e-commerce site and enjoys a stellar 5.0 Google rating from 18 reviews. It’s led by one director and owner, Wood Akua Akyiaa, and boasts a real registered address.

The company’s website showcases a vibrant collection of natural beauty products, including shea butter, oils, soaps, and chocolates, sourced directly from farmer cooperatives worldwide. It emphasizes quality, purity, and ethical sourcing, with a focus on African print designs and handcrafted items. The site's "Jilima Coop" section highlights a partnership with a cooperative in Ghana, further reinforcing its commitment to fair trade practices. It seems they are doing well with online retail, with a strong focus on natural and ethically sourced products.

Financially, Sheabutter Cottage Limited presents a mixed picture. Current assets have significantly decreased by 54%, dropping to £860, while net assets have also declined by 28%, reaching -£93,000. Bank borrowings have increased by a staggering 110%, reaching £21,000, and cash reserves have plummeted 97%, leaving just £35. Creditors have also risen by 33%, reaching £94,000. Despite these challenges, trade debtors have increased by 69%, suggesting improved customer payments. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the significant equity drop warrants attention. No auditor is mentioned, indicating exemption as a small company, and the accounts are described as “filleted.”

It seems like Sheabutter Cottage Limited is navigating a period of financial strain, possibly typical for a growing business. The company’s focus on ethical sourcing and quality products, combined with a strong online presence, suggests potential for long-term success, but managing cash flow and debt will be crucial.

Registered in England/Wales under the registration number 07302968, with a registered address at RG30 1BD, Reading, Unit 10 Albury Close.

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