Skn Gifts Limited

Skn Gifts Limited, based in Bournemouth, UK, is a small, active family business founded six years ago in 2019. The company employs just two people and holds £68,099 in assets. It operates an e-commerce site and has three directors and two owners, Newell Saifon and Newell Simon Keith. Notably, Skn Gifts Limited is an irregular importer, with its top import category being animal-based products not listed elsewhere, totaling one month of imports as of April 2022. The company primarily operates in the retail sale via mail order houses or via internet industries.

The company’s website, while not extensively detailed, confirms its e-commerce focus, offering a range of gifts and accessories. It’s a relatively small operation, meeting two of three criteria for being classified as small: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees.

Financially, Skn Gifts Limited shows some concerning trends. Cash bank on hand has decreased by 29%, falling to £45,000, while current assets have also declined by 18%, reaching £68,000. Creditors have decreased slightly, but trade debtors have increased by 29%, suggesting potential issues with customer payments. Equity has also fallen by 18%, dropping to £51,000. Despite these challenges, the company’s bank borrowings have remained relatively stable. The company is exempt from an audit, so the figures are unaudited.

Overall, Skn Gifts Limited appears to be navigating a period of financial pressure. While its e-commerce operations continue, the decline in cash reserves and equity raises questions about its long-term sustainability. It's a small, family-run business facing the typical challenges of a startup—but whether it can turn things around remains to be seen.

Registered in England/Wales under the registration number 11773092, with a registered address at BH8 0HP, England, Bournemouth, 24 Hastings Road.

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