Sofasoy Candle Co. Ltd

Sofasoy Candle Co. Ltd, based in Stonehaven, UK, is a small, active company founded just one year ago. With a single employee and £29,942 in assets, it's a solo founder operation run from a real address. The company has one director and owner, and operates an e-commerce site, enjoying a stellar 5.0 Google rating from 52 reviews.

The company’s website, Sofasoy Candle Co., is a retailer of luxury home fragrance products, including soy wax candles, reed diffusers, and room sprays. It emphasizes handcrafted quality, safer ingredients, and a focus on spring and summer scents. The site also highlights a monthly subscription service for both candles and wax melts, offering discounts and free shipping. The business has a physical shop in Stonehaven, open seven days a week, and even offers in-person workshops. They also offer wholesale options.

Financially, Sofasoy Candle Co. Ltd presents a mixed picture. While the company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay nimble, its net assets are negative at -£740. Bank borrowings increased by 100% to £5,900, and cash reserves are a modest £950. Creditors decreased slightly, suggesting a bit better management of debts. The company’s net current assets are a healthy £13,000, but the negative net assets indicate it’s operating at a loss. With no auditor mentioned (likely exempt as a small company), the unaudited figures rely on director-reported data.

Overall, Sofasoy Candle Co. Ltd seems to be a promising small business with a strong online presence and a loyal customer base. However, the negative equity suggests it’s burning through cash, and it will need to focus on profitability to ensure long-term sustainability.

Registered in Scotland under the registration number SC776265, with a registered address at AB39 2BT, Scotland, Stonehaven, 1 Market Square.

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