Solarstorm Ltd

Solarstorm Ltd, based in High Wycombe, UK, is a small, family-run business with an active status. Founded fourteen years ago in 2011, the company holds £146,336 in assets and operates from a real address. It’s managed by four directors and owned by three individuals—Shafi Hafsah, Shafi Safiyyah Shafiq, and Aslam Afshan—although the ownership list changed a year ago. The firm imports miscellaneous manufactured goods irregularly, with just two months of import activity recorded, the last in 2019.

The company's website reveals a dual business model. Solarstorm Ltd operates two main brands: Babybliss and LilyLeaf, with dedicated websites, purebabybliss.com and lilyleafbeauty.com. The site emphasizes developing innovative strategies and achieving growth, and it’s clear that the company is involved in retail via mail order and internet sales, alongside information technology consultancy and web portal industries. It’s a bit unclear what the brands do, but they appear to be focused on beauty and baby products.

Financially, Solarstorm Ltd shows a concerning trend. Current assets have fallen by 63%, dropping to £150,000, while net assets have plummeted 52%, sitting at just £150,000. Cash reserves have also taken a hit, decreasing by 68% to £120,000. Trade debtors have increased, suggesting potential issues with customer payments, and creditors have significantly decreased, which is a positive sign. The company's small size—meeting two of three criteria for a small company—helps it remain flexible, but the decline in equity is a cause for concern. The accounts are unaudited and prepared under the historical cost convention, and the company is exempt from an audit.

In short, Solarstorm Ltd is facing financial headwinds. While it appears to be active in multiple industries, the decline in assets and equity suggests it’s burning through money. The dual brand strategy may offer diversification, but the company needs to address its financial situation to ensure long-term sustainability.

Registered in England/Wales under the registration number 07581034, with a registered address at HP11 2TL, England, High Wycombe, 271 Desborough Avenue.

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