Sugar Factory Ltd

Sugar Factory Ltd is a small, active company based in London, UK, founded three years ago in May 2021. It’s a solo-founder operation with two directors and one owner, Mirza Erdem, and operates an e-commerce site specializing in cake toppers and related decorations. The company's registered address is a virtual one, shared by ten other companies. It currently holds £3,048 in assets and operates in the retail sale via mail order houses or via internet industries.

The company's website, SugArtFactory, showcases a wide range of cake toppers—animals, people, sports themes, and seasonal designs—available for purchase online. The site emphasizes free UK shipping, secure payment options, and a commitment to customer satisfaction. It’s clear the company is focused on a niche market, offering personalized and decorative cake toppers for various occasions. There’s a distinct emphasis on visual appeal and easy online ordering.

Financially, Sugar Factory Ltd presents a mixed picture. While bank cash increased by a substantial 340%, reaching £3,000, current assets have decreased by 7%, settling at £3,000. Creditors have also decreased slightly, falling by 7.4% to £3,000. However, a significant concern arises from the dramatic increase in "other creditors" – skyrocketing by 1,100% to -£11,000. This suggests a substantial debt burden, potentially linked to the director's personal loan. Tax liabilities have also risen sharply, increasing by 140% to £9,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) means it’s likely exempt from an audit, so the financial statements are unaudited.

Overall, Sugar Factory Ltd appears to be navigating a challenging financial landscape. While cash reserves have improved, the escalating debt and tax liabilities raise concerns about its long-term sustainability. The company’s focus on a niche e-commerce market and its commitment to customer service will be crucial for its survival, but it will need to address its financial pressures to thrive.

Registered in England/Wales under the registration number 13407921, with a registered address at N15 5HD, England, London, 3 Edgecot Grove.

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