Style Online Ltd

Style Online Ltd, based in London, UK, is a small, active company founded six years ago in 2018. It’s a solo-founded operation with one director and owner, Yalcin Mustafa, and employs just one person. The company operates from a virtual address – 171 other companies are registered at the same location – and is involved in retail sales via mail order and the internet. It's an irregular importer, primarily bringing in clothing and accessories made by knitting or crocheting, with the last import activity recorded just one month ago.

The company’s website, while minimal, suggests a focus on online retail, likely selling handcrafted or unique items. It's difficult to ascertain the scale of their operations without a more detailed website presence.

Financially, Style Online Ltd presents a mixed picture. Cash bank on hand has increased significantly, jumping 390% to £15,000 – a positive sign. However, creditors have also risen substantially, increasing by 260% to £390,000, which could indicate reliance on short-term financing. Equity has declined slightly, falling 2.1% to £220,000. Tax liabilities are also a concern, with a 81% increase to -£590,000 within one year. Despite these challenges, 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. The company’s accounts are unaudited, and no auditor is mentioned, which is typical for small companies.

The sharp increase in creditors, combined with the decrease in equity, suggests Style Online Ltd may be burning through cash to maintain operations. It’s possible the company is investing in inventory or marketing to drive sales, but careful management of short-term liabilities will be crucial.

Registered in England/Wales under the registration number 11477723, with a registered address at N17 8EY, England, London, 869 High Road.

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