Spice Planet Ltd

Spice Planet Ltd, based in Leicester, UK, is a small, active company founded six years ago in 2018. With two employees and £7,910 in assets, it’s a solo-founded operation managed by a single director and owner, Gulamdastaguiro Abrar. The business operates in the retail sale via mail order houses or via internet industries, and has a real registered address at Unit 21, Matrix House, 7, Constitution Hill. It was previously known as Shopherbsspices Ltd.

The company’s website showcases a wide range of spices, herbs, and seasonings, catering to diverse culinary preferences. It appears to be primarily an e-commerce operation, with a focus on online sales and delivery. There’s no obvious physical store presence. The website is well-designed and easy to navigate, featuring detailed product descriptions and customer reviews.

Financially, Spice Planet Ltd shows some concerning trends. Current assets have decreased significantly, dropping 73% to £7,900. Equity has also taken a hit, falling 70% to £7,400. Creditors have decreased substantially, which is a positive sign, but bank borrowings have increased. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) means it’s nimble, but the decline in equity suggests it’s burning through cash. With no auditor mentioned, the figures are unaudited.

It seems Spice Planet Ltd is facing some financial headwinds. The decrease in assets and equity could be due to increased competition in the online spice market, or perhaps rising ingredient costs. It's possible that the company is reinvesting in its website or marketing efforts, which would explain the decrease in cash reserves.

Registered in England/Wales under the registration number 11677121, with a registered address at LE1 1PL, England, Leicester, Unit 21, Matrix House, 7,Constitution Hill.

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