Skin Life Ltd

Skin Life Ltd is a small, active company based in London, UK, founded eight years ago in 2017. It employs just one person and holds £38,430 in assets, operating from a real address at 22 Lisson Grove. With one director and owner, Ramute Mincinskaite, the company is registered as operating in the "other service activities n.e.c." industries. It’s an irregular importer, with its top import category being furniture, lighting, and prefabricated buildings, totaling just one month of imports recorded back in January 1, 2020.

The company's website, Skin Life Aesthetic Clinic, showcases a laser and aesthetic clinic offering a range of treatments, from face and body procedures to hair removal. The site emphasizes personalised skincare solutions and highlights positive customer testimonials. It's clear that the business operates as an aesthetic clinic, offering a variety of treatments and even selling skincare products online. The site also features a blog and newsletter signup, indicating a focus on customer engagement and marketing.

Financially, Skin Life Ltd presents a mixed picture. Accumulated depreciation on plant and machinery increased significantly by 75%, while cash bank on hand completely disappeared. Bank borrowings surged by 710%, reaching £31,000, and creditors increased by 62%. Although trade debtors increased by 120%, suggesting improved sales, the sharp decrease in equity – plummeting 69% to -£19,000 – is a concerning trend. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. With no auditor mentioned, the financial statements are unaudited.

Overall, Skin Life Ltd seems to be burning through cash. While the clinic appears to be attracting customers and generating sales, the significant increase in borrowing and decrease in equity suggest it's struggling to manage its finances. The company's small size and reliance on a single employee may limit its ability to weather these challenges, but its focus on personalised skincare treatments could provide a competitive advantage.

Registered in England/Wales under the registration number 10592551, with a registered address at NW1 6TT, England, London, 22 Lisson Grove.

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