Tots To Teens Shoe Lounge Limited

Tots To Teens Shoe Lounge Limited is a small, active company based in Loughton, UK, established ten years ago in 2014. With thirteen employees and £121,745 in assets, it operates from a virtual address shared by thirty-four other companies, a little unusual. The company is led by a single director and owner, Wirk Nikita Chanan Kaur, who also founded it. It’s an irregular importer, focusing on footwear and related items, with just two months of import activity recorded, the last in June 2023.

The company’s website, Tots To Teens Shoe Lounge, is currently “opening soon,” promising a wide selection of shoes for both kids and adults. It's clearly aiming to be an e-commerce destination, but the site is password-protected, and visitors are prompted to enter a password to access the store. The site also features a "Be the first to know" email signup, suggesting a planned launch.

Financially, Tots To Teens Shoe Lounge Limited presents a mixed picture. While cash reserves increased by a healthy 83% to £42,000, current assets decreased by 13% to £120,000. Creditors also fell, by 25%, suggesting improved debt management. However, retained earnings and accumulated losses plummeted by 140%, resulting in a net assets liability of £7,200. Trade debtors decreased significantly, by 36%, which could indicate better collection practices, or possibly a slowdown in sales. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 30 employees) allows for agility, but the drop in equity raises questions. The accounts are abridged and unaudited, and no auditor is mentioned.

Overall, Tots To Teens Shoe Lounge Limited appears to be navigating early challenges. The e-commerce launch is anticipated, but the financial figures suggest a company still working to build a sustainable business model.

Registered in England/Wales under the registration number 09237117, with a registered address at IG10 1DX, Loughton, Essex, Abacus House, 14-18 Forest Road.

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