The Growth Outlet Limited

The Growth Outlet Limited is a small, active company based in London, UK, founded just three years ago in April 2022. It operates from a virtual address, with one director and one owner—a solo founder—at the helm. The company’s activities center around retail sale via mail order houses or via internet, a niche it seems to be working hard at.

The company’s website, while minimal, suggests a focus on online retail. It doesn’s particularly flashy, but it’s functional, and it’s clear the business is trying to establish itself in the digital marketplace. There’s no obvious e-commerce functionality visible, which is a bit odd, but it’s possible sales are handled offline or through a third-party platform.

Financially, The Growth Outlet Limited’s recent accounts paint a picture of a company facing challenges. Net assets have fallen significantly, from -£1,800 to -£2,400, and cash reserves have completely dried up, dropping 100% to zero. Trade creditors have increased by a substantial 33%, indicating a reliance on short-term financing. While the company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay nimble, the sharp decline in equity and lack of cash flow are concerning. The accounts were filed as ‘filleted’ and audited by S G Accountancy (UK) Ltd, which is common for small companies.

It’s worth noting that the company’s owner, Desreen Leonitia McIntosh, is also the director, suggesting a hands-on approach to management. The lack of employees reported could indicate a lean operation, but it also raises questions about the company’s ability to scale. While the company is active, its financial performance suggests it’s operating on a tight budget and may need to find ways to improve its profitability.

Registered in England/Wales under the registration number 14034055, with a registered address at WC1N 3AX, England, London, 27 Old Gloucester Street.

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