Silicone Bead Supplies Limited

Silicone Bead Supplies Ltd from Harlow UK: a small, active company founded six years ago, currently has confirmation overdue for a year. It employs three people and holds just £151 in assets, a remarkably low figure. The business is owned and directed by Ford Amy, operates from a real address, and runs an e-commerce site, though it currently has a low Google rating of 1.0 based on only one review.

The company’s primary focus is retail sales via the internet, offering a wide range of silicone and acrylic beads, as well as other crafting supplies. Its website showcases a vibrant selection of beads, from original SBS designs to focal beads and alphabet beads, alongside accessories like diffusers, cords, and clasps. The site also highlights a discount ladder and offers free shipping on many items, appealing to small business crafters. Customer reviews praise the quality and cuteness of the products, with some highlighting the usefulness of clasps and the value of scoop deals.

Financially, Silicone Bead Supplies Ltd presents a concerning picture. Current assets have fallen dramatically by 97%, dropping to just £150, a significant decrease. Bank Overdrafts have increased by a staggering 95%, reaching £4,500, while cash reserves have plummeted 74%, leaving only £150. Director remuneration has also decreased significantly by 83%, falling to £4,300. Although creditors have decreased by 9.5%, the sharp decline in assets and the reliance on overdrafts suggest the company is struggling to maintain financial stability. The business’s small size (meeting two of three conditions for a small company) might offer some flexibility, but the trend is worrying. No auditor is mentioned, which is common for companies of this size.

The company's low asset base and reliance on bank overdrafts suggest it's burning through money quickly. It's possible that increased competition or changing customer preferences are impacting sales, but without more information, it’s difficult to say for sure.

Registered in England/Wales under the registration number 11796477, with a registered address at CM18 7NQ, England, Harlow, Steards Schoolhouse, Parnall Road.

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