Shopglam Limited

Shopglam Limited is a small, active company based in London, UK, founded three years ago in 2021. With just £2,526 in assets and a virtual address, it’s a solo-founded operation run by a single director and owner, Li Xin. The business operates an e-commerce site selling phone cases and accessories, with a wide variety of designs available. While the site appears active, it has dabbled in security systems and private security activities, with just one month of activity recorded as of September 2024.

The company’s website, Shopglam Cases, positions itself as a specialist in trendy phone cases and accessories. From glass cases to custom designs, it caters to a fashion-conscious audience. The site emphasizes free shipping on all prepaid orders and a flat 10% off or B2G1 deal—hallmarks of a modern e-commerce business. Though small, it’s clearly aiming to carve out a niche in the crowded accessories market, with a wide range of countries supported for shipping.

Financially, Shopglam Limited shows some concerning trends. Net assets plummeted 92% to just £1,100, while cash reserves fell 86% to just £780. Trade debtors remained constant at £1,200, suggesting no change in customer payment habits. Creditors increased by 38% to £3,100, and bank borrowings remain constant. The lack of employees (zero reported) hints at a lean, possibly solo operation. With no auditor mentioned (exempt as a small company), the unaudited figures rely on director-reported data.

While the e-commerce side appears active and well-stocked, the financials reveal a company struggling. Whether this is typical startup turbulence or a longer-term challenge remains to be seen—but for now, Shopglam Limited is betting on its trendy designs and international shipping to turn the tide.

Registered in England/Wales under the registration number 13624873, with a registered address at E11 4RD, England, London, 637 High Road Leytonstone.

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