Styledge Group Ltd

Styledge Group Ltd from Watford UK is a small, active company founded three years ago in 2021. With four employees and £-3,178 in assets, it’s a solo-founded operation managed by a single director and owner. The business operates in a few different areas, including construction of domestic buildings, cargo handling, and licensed carriers. It's also an irregular importer of wood and wood products, with just one month of import activity recorded as of February 2023.

The company’s website, though not detailed, suggests a focus on construction-related services and supply chain activities. It’s unclear if the company has an e-commerce presence, but the listed activities point to a business-to-business model rather than direct consumer sales.

Financially, Styledge Group Ltd presents a mixed picture. Cash bank on hand has plummeted by a staggering 1000% to -£4,600, while creditors have also taken a hit, decreasing by 400% to -£11,000. However, debtors have seen a slight decrease of 21%, and equity has improved dramatically, increasing by 630%. There's a sharp decline in other debtors, dropping 100% to zero, and a significant rise in taxation and social security payable, increasing by 570%. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain flexible, but the significant losses and negative cash flow raise concerns. With no auditor mentioned, the unaudited accounts rely on director-reported data.

Overall, Styledge Group Ltd seems to be burning through money, possibly a common trait for a startup. The improved equity position suggests some positive developments, but the negative cash flow and increasing liabilities need to be addressed.

Registered in England/Wales under the registration number 13482450, with a registered address at WD25 0BS, England, Watford, 61 Clarke Way.

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