Smz Cosmetics Ltd

Smz Cosmetics Ltd is a small, active company based in Manchester, UK, founded two years ago in 2022. With £15,515 in assets and a real registered address, it’s a relatively new venture with two directors and two owners at the helm. The company operates in the retail sale via mail order houses or via internet, and the other retail sale not in stores, stalls or markets industries. It meets two of the three conditions to be considered a small company: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees.

The company's website, smzcosmetics.co.uk, showcases a range of beauty products, primarily focusing on cosmetics and skincare. It appears to be a fully functional e-commerce site, allowing customers to browse products, add items to their cart, and complete purchases online. The site is well-designed and easy to navigate, with clear product descriptions and high-quality images. It's a classic online retail operation, relying on digital marketing and social media to attract customers.

Financially, Smz Cosmetics Ltd presents a mixed picture. While cash reserves increased by a substantial 350% to £11,000, net assets remain negative at -£25,000, a 36% decrease from the previous year. Creditors have risen by 64% to £40,000, and loans from directors have also increased significantly, reaching £40,000. The company’s current assets have improved, rising 140% to £16,000. It’s clear that the business is burning through cash, although the increase in cash reserves suggests some recent improvements. The lack of employees (zero reported) hints at a lean operation, and the accounts are unaudited, relying on director-reported data.

The company’s financial situation suggests it’s in a startup phase, likely reinvesting profits back into the business to fuel growth. The increase in creditors and loans from directors indicates a reliance on external funding, and the negative equity suggests the company is still working to achieve profitability. It’s possible the business is experiencing typical startup turbulence, or it could be facing challenges in scaling its operations. The directors, Kheira Mohad and Mangoud Abdallah, will need to carefully manage their finances and explore strategies to improve profitability in the coming years.

Registered in England/Wales under the registration number 14147089, with a registered address at M16 0PQ, England, Manchester, Office 204, Oakland House, Citibase Talbot Road, Old Trafford.

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