Sylki Ltd

12979294 Sales Ltd, based in London, UK, is a small, active company founded four years ago in 2020. With a single director and no reported owners, it operates a virtual address and employs just one person. The company’s e-commerce site, Sylki, boasts a perfect 5.0 Google rating from a single review, showcasing handmade hair accessories like silk headbands, scrunchies, and pillowcases. The site emphasizes a mother-daughter duo crafting items with love and a commitment to slow, ethical fashion.

Sylki’s website highlights its focus on silk accessories and haircare essentials. The site features a range of products, from headbands and scrunchies to silk pillowcases, catering to customers seeking high-quality, handmade items. The site also has a blog and social media presence, promoting its products and engaging with customers. It even has a payment options section with a long list of countries.

Financially, Sylki Ltd presents a concerning picture. Net assets have plummeted by 66%, dropping from £13,000 to just £4,400. Cash reserves have also taken a hit, falling 76% to a mere £2,500. Bank borrowings have increased significantly, and trade debtors have also risen. 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 agile, but the sharp decline in equity and cash raises questions. There’s no auditor mentioned, so the figures are unaudited.

While Sylki’s website portrays a thriving business with a loyal customer base, the financial data suggests the company is struggling. Whether it can sustain its growth and maintain its reputation remains to be seen—but for now, Sylki Ltd is betting on its niche market and customer satisfaction to turn the tide.

Registered in England/Wales under the registration number 12979294, with a registered address at WC2H 9JQ, United Kingdom, London, Greater London, 71-75 Shelton Street.

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