Style My Way Ltd

Style My Way Ltd is a small, active company based in London, UK, founded just one year ago. It operates as an e-commerce site, employing a single person and holding £52,176 in assets. The company has two directors and two owners, with a solo founder at the helm, and utilizes a virtual address.

The company’s website, Stylemyway, showcases a wide range of products, from drinkware and serveware to home décor and pooja articles. It appears to cater to a diverse customer base, offering both traditional and modern items. The site's design is vibrant and visually appealing, with a focus on showcasing the products in an attractive way. There's a clear emphasis on sales and promotions, with banners advertising discounts and special offers. The site also features a blog with content related to home décor and lifestyle, suggesting an effort to engage customers beyond simple transactions.

Financially, Style My Way Ltd presents a mixed picture. While the company has £52,176 in current assets, it’s also carrying significant liabilities. Advances from directors have decreased to -£180,000, and net assets are at -£120,000. This suggests the company is relying on external funding or loans to operate. Cash bank on hand remains at £16,000, which is a relatively small amount given the liabilities. Creditors have remained stable at £180,000, and bank borrowings are at £180,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the negative equity is a concern. The accounts are unaudited, and no auditor is mentioned, which is typical for small companies.

It seems Style My Way Ltd is a startup still navigating its early stages. The e-commerce site appears well-designed and actively promoted, but the financial data suggests the company is burning through money. Whether it can achieve sustainable growth remains to be seen, but the focus on a diverse product range and a visually appealing website gives it a fighting chance.

Registered in England/Wales under the registration number 14842104, with a registered address at EC1V 2NX, England, London, 124 City Road.

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