Smgl Ltd

Smgl Ltd from London UK: a small, active company founded two years ago, operates from a virtual address, and is led by a single director and owner, who also serves as the solo founder. The company, meeting two of three conditions to be considered small (turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees), specializes in retail sales via mail order houses or via the internet.

The company’s website, while minimal, highlights its focus on online retail. It’s not immediately apparent if there's a fully-fledged e-commerce platform, but the description suggests a business primarily driven by online sales. It's likely the company uses platforms like Shopify or Etsy, or perhaps a custom-built solution, to facilitate transactions.

Financially, Smgl Ltd presents a concerning picture. Net assets are deeply in the negative, sitting at -£13,000, and cash reserves are a meager £86. Bank borrowings are at £99, and creditors are also at £99. The company’s equity is also negative at -£14. While the company is small and exempt from an audit, these figures suggest it's burning through money. The lack of employees (zero reported) indicates a very lean operation, likely run by the founder alone. It's possible the company is in a startup phase, reinvesting heavily in growth, but the current financial state is precarious. Sleek Accounting Ltd prepared the accounts.

Registered in England/Wales under the registration number 14374268, with a registered address at W1W 5PF, England, London, 167-169 Great Portland Street, Fifth Floor.

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