Shined Jewelry And Clothing Ltd

Shined Jewelry And Clothing Ltd from London UK: small company, active status, founded 1 year ago, 1 employee, £980 assets, virtual address, 1 director, 1 owner, solo founder. It’s a tiny operation, really, focused on retail sales through various channels – stalls and markets, mail order, and online. The company’s website, while not fully developed, suggests a focus on textiles, clothing, and footwear, catering to a fashion-conscious audience. The registered address, shared by 157 other companies, is likely a virtual office space, a common practice for startups and small businesses.

The company operates in a competitive market, blending traditional retail with modern e-commerce strategies. While it's unclear if they have a fully functional e-commerce site, the mention of mail order and internet sales indicates an attempt to reach a wider customer base beyond physical locations. The business is run by a single director and owner, Ayhan Karagoz Gizem, who is also the sole employee.

Financially, Shined Jewelry And Clothing Ltd is in a precarious position. While it meets the criteria for a small company – turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees – its balance sheet paints a concerning picture. Net assets are a negative £4,400, indicating that liabilities exceed assets. Cash on hand remains at a modest £200, and creditors are a significant £5,400. Trade debtors are not reported, which is a little strange. The company's equity is also negative, at -£4,400, a sign of ongoing losses. The company’s bank borrowings are not reported.

Despite these challenges, Shined Jewelry And Clothing Ltd is a young business with potential. The solo founder is clearly working hard to establish a foothold in the retail market. The lack of an auditor (likely exempt due to its small size) means the financial statements are unaudited, so take these numbers with a grain of salt. It's a tough environment for a one-person show, but with the right strategy and a bit of luck, Shined Jewelry And Clothing Ltd could turn things around.

Registered in England/Wales under the registration number 14932934, with a registered address at N15 5EA, England, London, England, C/O Dirench & Co 151 West Green Road, Seven Sisters.

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