Sophia & Rose Ltd

Sophia & Rose Ltd, based in Glasgow, UK, is a small, active company founded just two years ago. It boasts a 5.0 Google rating from one review, and holds £45 in assets. The company has one director and two owners, and operates from a real address.

The business focuses on manufacturing other wearing apparel and accessories, as well as retail sales via mail order and the internet. It’s a small company, meeting two of three conditions: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees.

Looking at the financials, things are a bit tricky. Current assets are at a low £45, and net assets are negative at -£7,600. Bank borrowings remain steady at £7,300, and creditors are also at £7,300. Cash on hand is a mere £45. The company’s accounts are unaudited, and it’s exempt from an audit as a small company. It’s worth noting that the company’s creditors are attributed to a Start-Up Loan, which could explain some of the debt.

While the company is active and has a good Google rating, the negative equity and low cash reserves suggest it’s burning through money. It’s likely a startup phase, and the reliance on a Start-Up Loan may be impacting its financial health. The lack of employees (zero reported) indicates a very lean operation, and the directors are working hard to keep things going.

Registered in Scotland under the registration number SC741405, with a registered address at G3 7LW, Scotland, Glasgow, Attic, 12 Clairmont Gardens.

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