Therapace Ltd

Therapace Ltd from London UK: a small, active company founded four years ago, employs five people, and holds £44,058 in assets. It operates from a virtual address, registered with 6864 other companies, and is led by two directors, with one owner—a solo founder. The company runs an e-commerce site and enjoys a 5.0 Google rating from two reviews. It's an irregular importer, having imported nothing for over a year.

Therapace Ltd’s website, therapace.co.uk, simply lists its index of files—a basic online presence. This suggests a functional, rather than flashy, e-commerce operation. It’s likely the company focuses on direct sales through its website and doesn't invest heavily in marketing or a complex online experience.

Financially, Therapace Ltd presents a mixed picture. While the company is small, meeting two of three criteria for a small company (turnover under £10.2m, assets under £5.1m, and fewer than 50 employees), its net assets have decreased significantly, dropping 65% to -£170,000. Cash bank on hand has also declined sharply, falling 60% to £1,600. Creditors have increased by 46%, reaching £230,000, and trade debtors have doubled to £1,300. The company’s fixed assets have decreased by 26% to £24,000. The lack of an auditor is not surprising given its small size and exemption from audit. The company’s accounts are abridged and unaudited.

These numbers suggest Therapace Ltd is burning through money, likely a common scenario for a startup. The increase in creditors and decrease in cash reserves indicate a need to manage cash flow carefully. The decrease in fixed assets may be due to depreciation or asset sales. While the company’s e-commerce site enjoys positive reviews, its financial health is a concern.

Registered in England/Wales under the registration number 12886358, with a registered address at WC2H 9JQ, United Kingdom, London, Greater London, 71-75 Shelton Street.

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