Thea Wellbeing Ltd

Thea Wellbeing Ltd, based in London, UK, is a small, active company founded five years ago in 2019. With a single employee and £64,040 in assets, it operates from a virtual address – a point of note as forty-five companies share the same location. The company has four directors and one owner, Berger Matthew Grant, and runs an e-commerce site selling mindfulness and relaxation products. It’s an irregular importer, bringing in furniture, lighting, and prefabricated buildings, with its last import activity recorded one month ago.

Thea Wellbeing’s website showcases a range of products designed to promote calm and wellbeing. Products include the “Melo” breathing device, “Blyss” weighted blanket, “Fjord” air filtration system, and “Lull” portable white noise machine – all marketed with a focus on simplicity and effectiveness. The site also features blog content and testimonials, reinforcing the brand’s commitment to wellness and customer satisfaction. It's a modern e-commerce business with a strong emphasis on design and user experience.

Financially, Thea Wellbeing Ltd presents a mixed picture. Current assets have fallen by a significant 41%, dropping to £64,000. Bank borrowings have decreased by 6.2%, settling at £46,000, and cash reserves have declined by 39%, leaving £17,000. Creditors have increased by 33%, reaching £7,700, and net assets have decreased by 20%, resulting in a net asset position of -£240,000. The company meets the criteria for a small business, with turnover less than £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees. There is no mention of an auditor, which is typical for small, exempt companies.

While the e-commerce site appears active and well-designed, the financial data suggests the company is burning through cash. The decline in assets and cash reserves, coupled with increasing creditors, indicates potential financial strain. It's possible that the company is investing heavily in marketing and product development, but the long-term sustainability of this strategy remains to be seen.

Registered in England/Wales under the registration number 12378632, with a registered address at NW3 4QG, England, London, 201 Haverstock Hill.

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