The Giftery Packaging Ltd

The Giftery Packaging Ltd, based in Cardiff, UK, is a small, active company founded three years ago. Despite a perfect 5.0 Google rating from two reviews, it's facing some challenges, with accounts overdue for three months. The company employs just one person and holds £6,117 in assets, managed by a single director and owner—the solo founder. It operates an e-commerce site selling gift arrangements, with express delivery available.

The Giftery London, accessible through salesthegiftery.info, showcases a range of gift arrangements, including chocolate arrangements, baby gifts, and wedding gifts. The site emphasizes secure checkout, free local shipping, and constant new arrivals. It also offers personalization options, such as adding wine, whisky, or chocolates. A key feature is the ability for customers to drop off their own items for the company to transform into special arrangements. The site highlights the use of Kedassia Hechsher chocolates and Hauser pralines, certified under Belgian Hechsher.

Financially, The Giftery Packaging Ltd presents a mixed picture. While the company meets the criteria for a small business (turnover under £10.2m, assets under £5.1m, and fewer than 50 employees), its net assets are in the negative at -£1,400. Cash bank on hand sits at £5,100, but creditors are £7,500. The company’s average number of employees during the period remained steady at one. Trade debtors are also high at £6,500. The accounts are described as "filleted" and unaudited, and were prepared using Taxfiler software. The company is exempt from an audit as a small company.

It seems the business is struggling to turn a profit, despite its strong online presence and positive customer reviews. The reliance on borrowed funds and the negative equity suggest that The Giftery Packaging Ltd is burning through money, though it’s possible this is a normal phase for a young e-commerce startup. It’s also worth noting that the company’s sole director, Muhammad Naeem Saiyed, appears to be managing all aspects of the business.

Registered in England/Wales under the registration number 14006007, with a registered address at CF14 8LH, Cardiff, 14006007 - COMPANIES HOUSE DEFAULT ADDRESS.

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