Trouvaille Global Ltd

Trouvaille Global Ltd is a small, active company based in London, UK, founded eight years ago in 2017. With just two employees and £67,298 in assets, it operates from a virtual address – a detail highlighted by the fact that 1024 companies are registered at the same location. The company is owned and directed by Reymundo Santos Candelaria and Waloszczyk Grzegorz, who also serve as directors. It runs an e-commerce site selling eco-friendly gifts made in Europe.

The company's website showcases a range of products, including mugs, totes, scented candles, and stationery, all emphasizing sustainability. It also features a blog with content focused on mindful moments and travel inspiration. It's a regular exporter, specializing in miscellaneous manufactured goods, with three months of export activity recorded, the last operation taking place in July 2022. It seems to be a small business that’s trying to appeal to a niche market.

Financially, Trouvaille Global Ltd's numbers paint a mixed picture. Cash reserves have dramatically decreased by 98%, dropping to just £270. Bank borrowings have surged by 380%, reaching £11,000, while current assets have fallen by 33% to £67,000. Equity has suffered a significant blow, plummeting 300% to -£29,000. Creditors have increased by 15%, and trade debtors have decreased by 65%. The company meets the criteria for being a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. As a small company, it’s exempt from an audit, relying on unaudited financial statements.

The sharp decline in cash and equity, combined with increased borrowings, suggests the company may be burning through money. While the e-commerce site appears active and well-designed, the financial strain raises concerns about its long-term viability. It’s a small business with a lot of potential, but it needs to address its financial challenges to ensure its continued success.

Registered in England/Wales under the registration number 10691023, with a registered address at WC2A 2JR, United Kingdom, London, 7 Bell Yard.

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