Shoe Shine Service Ltd

Shoe Shine Service Ltd, based in Bracknell, UK, is a small, active company founded twelve years ago in 2013. With just two employees and £23,271 in assets, it’s a solo-founder operation led by a single director and owner, Topi Romi. The company operates an e-commerce site offering shoe shine services and related products. It also runs physical locations in London's Burlington Arcade and The Royal Exchange.

The website highlights a focus on high-quality shoe care, offering both in-person services and a range of products including polishing brushes, shoe polish, and a travel-friendly shoe care kit. The site emphasizes craftsmanship and even offers personalization options like embossing initials on carry bags. It's clear that Shoe Shine Service Ltd is aiming for a premium market, catering to those who value well-maintained footwear.

Financially, Shoe Shine Service Ltd presents a mixed picture. Bank borrowings increased by 8.3% to £6,500, while cash reserves dropped significantly by 64% to £1,000. Creditors decreased by 35%, suggesting improved debt management, but net assets plummeted 58% to -£17,000. Trade debtors increased by a substantial 180%, which could indicate delayed customer payments. The company's small size (meeting two of three criteria for a small company) allows for flexibility, but the decline in equity raises concerns. No auditor is mentioned, which is likely due to the company's exemption as a small entity.

Overall, Shoe Shine Service Ltd appears to be navigating a challenging financial landscape. The business’s focus on quality and premium services is evident, but the company will need to address its declining equity and manage its cash flow effectively to ensure its long-term sustainability.

Registered in England/Wales under the registration number 08371224, with a registered address at RG42 5AH, England, Bracknell, 8 Charlock Place, Warfield.

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