The Fridge Filter Shop Limited

The Fridge Filter Shop Ltd is a small, active company founded 19 years ago in 2006, operating as an e-commerce site. Based in London, it has two employees and holds £54,135 in assets, though its registered address is likely virtual given eleven companies share it. The business is run by three directors, including Loizou Savvas, who is also the owner. It regularly imports machinery, boilers, and mechanical appliances, with its last import operation recorded four months ago in January 2018.

The company’s website showcases a wide range of fridge filters for various brands like Samsung, Fisher & Paykel, and LG. It emphasizes direct sourcing from manufacturers, offering competitive prices, and a no-worries guarantee. The site also includes a filter finder tool to help customers identify the correct filter for their refrigerator model. It’s clear the business is focused on online retail, with a strong emphasis on customer service and a wide selection of products.

Financially, The Fridge Filter Shop Ltd presents a mixed picture. Current assets have increased by 59%, reaching £54,000, which is good. However, equity has decreased by 26%, dropping to £100,000. Bank borrowings have also risen significantly by 71%, reaching £57,000. Creditors have increased by 38%, and other creditors have seen a massive 230% jump. The company’s small size (meeting two of three conditions for a small company) allows for flexibility, but the decline in equity and rising debts suggest it might be burning through cash. No auditor is mentioned, which is typical for small, exempt companies.

Overall, The Fridge Filter Shop Ltd seems to be a functional e-commerce business, but its financial health is a little concerning. The rise in debt and the drop in equity indicate it may need to carefully manage its cash flow to ensure long-term sustainability.

Registered in England/Wales under the registration number 05752924, with a registered address at N22 8YW, 229 Whittington Road, London.

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