Stylex Party & Gift Shop Ltd

Stylex Party & Gift Shop Ltd, based in Romford, UK, is a small, active company founded eleven years ago in 2013. With five employees and £185,364 in assets, it operates from a virtual address shared by thirty-one other companies—a bit unusual, really. Safi Mirajan is both the director and owner, running a solo operation with a perfect 5.0 Google rating based on 1504 reviews. The company runs an e-commerce site and irregularly imports toys, games, and sports equipment, with the last import operation recorded one month ago in October 2023.

The business primarily operates in the retail sector, specializing in party supplies and gift items. Its website, though not extensively detailed, suggests a focus on providing a wide range of products for celebrations and special occasions. It's a small operation, meeting two of the three criteria for a small company: turnover less than £10.2 million, balance sheet total less than £5.1 million, and fewer than 50 employees.

Financially, Stylex Party & Gift Shop Ltd presents a mixed picture. Cash bank on hand increased by 13%, reaching £79,000, which is good news. However, net assets decreased by 2.9%, settling at £27,000. Bank borrowings decreased by 16%, falling to £29,000, and creditors increased by 19%, reaching £130,000. Trade creditors also increased significantly, by 240%, which could indicate a reliance on short-term financing. The company’s unaudited accounts, prepared using VT Final Accounts software, are exempt from an audit due to its small size.

While the company’s strong Google rating suggests satisfied customers, the financial data reveals a need for careful management. The increase in creditors and the decrease in net assets could be a cause for concern, although the increase in cash reserves offers some reassurance. It’s a small company, but it’s clear that keeping an eye on the finances is important.

Registered in England/Wales under the registration number 08585336, with a registered address at RM6 4DD, England, Romford, 4 Wangey Road.

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