The Luxury Soap Company Ltd

The Luxury Soap Company Ltd, based in Glasgow, UK, is a small, family-run business with an active status. Founded four years ago in 2020, it holds £22,729 in assets and operates from a virtual address shared by 51 other companies. Two directors and two owners manage the business, which is an irregular importer of soaps, cleaning products, and waxes, with the last import activity recorded two months ago in June 2023.

The company’s website showcases a range of natural artisan soaps made with 100% virgin olive oil, sold through an online store. It promotes a "buy one get one free" offer and highlights its products’ appearance in prominent publications. The website also features a separate section dedicated to piano restoration, suggesting a diverse range of business activities.

Financially, The Luxury Soap Company Ltd shows a mixed picture. While cash reserves increased significantly by 710% to £16,000, creditors rose by 34% to £14,000. Debtor levels decreased by 36%, and net current assets liabilities increased by 57%. Inventory levels plummeted by 62%, and trade creditors increased by 67%. The company’s small size—meeting two of three criteria for a small company—helps it remain flexible, but the decrease in inventory and increase in creditors suggest potential cash flow pressures. No auditor is mentioned, which is typical for a small, audit-exempt company. The company’s financial statements are prepared in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland.

Registered in Scotland under the registration number SC667156, with a registered address at G1 2LW, United Kingdom, Glasgow, C/O Dm Mcnaught & Co Ltd, 166 Buchanan Street.

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