Staleu Limited

Staleu Limited, based in Manchester, UK, is a small, active company founded four years ago in 2021. With £18,970 in assets, a real address at 6 Copthorne Crescent, and a solo founder who also serves as director and owner, it’s a compact operation. 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.

The company’s website, while not providing extensive details, suggests a focus on online retail. It’s not immediately clear if the company operates its own e-commerce platform or utilizes third-party marketplaces. There is no obvious indication of a physical storefront or significant offline presence. The business seems to be primarily driven by online sales and marketing efforts.

Financially, Staleu Limited presents a mixed picture. While cash bank on hand increased by a healthy 69% to £11,000, creditors rose by 12% to £32,000, and loans from directors also increased by 12% to £32,000. Current assets grew by 28% to £19,000, but net assets remained negative at -£13,000. Trade debtors decreased significantly by -81%, which could indicate improved collection practices or a shift in sales terms. The company meets two of three criteria to be classified as small: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees. The accounts are described as "filleted," meaning they are simplified and exempt from a full audit, and prepared under FRS 102 Section 1A.

Overall, Staleu Limited appears to be navigating early-stage challenges. The increase in cash and current assets is encouraging, but the reliance on director loans and negative equity suggests a need for careful financial management. The lack of employees and the absence of an auditor (due to its small size) mean the financial picture relies heavily on director-reported data, which could be a good thing or a bad thing.

Registered in England/Wales under the registration number 13277692, with a registered address at M12 6FA, England, Manchester, Suite 1, 24, Sol House Dark Lane.

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