Skincare Laboratories Ltd

Skincare Laboratories Ltd is a small, active company based in London, UK, founded seven years ago in 2018. It operates from a virtual address, a common trait for smaller businesses, and employs just two people. With £1,536,440 in assets, it’s a modest operation managed by a solo founder, one director, and one owner. The company regularly imports essential oils and perfumes (for seven months) and exports organic chemicals (for twelve months), indicating a focus on international trade.

The business primarily caters to aesthetic professionals, offering a wide range of beauty products and courses. Its website showcases a comprehensive selection, including starter kits, face masks, skin boosters, and microneedling equipment, alongside training programs in areas like BB Glow and bioremodelling. The site also features a selection of brands, highlighting its distribution network. It's a clear indication that Skincare Laboratories Ltd functions as a wholesale distributor and potentially offers training services.

Financially, the company shows a mixed picture. Accumulated amortisation impairment for intangible assets increased by 50%, while depreciation for computer equipment rose by 37%. Cash bank on hand saw a significant jump of 76%, reaching £270,000, but creditors also increased by 46%, reaching £480,000. The number of employees reported increased by 50%, from two to three. While net assets grew by 35%, reaching £1.1 million, trade debtors also increased substantially, suggesting a reliance on customer payments. The company's small size (meeting two of three criteria for a small company) means it avoids a full audit, relying on unaudited accounts.

Overall, Skincare Laboratories Ltd appears to be growing, with increased cash reserves and assets. However, the rise in creditors and debtors suggests it's managing cash flow carefully, and perhaps relying on credit to fuel its expansion. It’s a common pattern for startups, and the company’s focus on a niche market—beauty products for professionals—could provide a buffer against broader economic fluctuations.

Registered in England/Wales under the registration number 11293240, with a registered address at N13 4BS, London, 483 Green Lanes.

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