True Path Ltd

True Path Ltd is a small, active company based in Bromley, UK, founded three years ago in July 2021. It’s a solo-founded operation with one employee and £13,707 in assets, managed by a single director and owner, Mahoney Simone Penelope. The company operates in both retail sale via mail order houses or via internet and management consultancy activities.

The website, paultruepaththerapy.co.uk, reveals a different focus: counselling services. Paul Mahoney, the director, offers individual therapy for adults struggling with anxiety, depression, relationship issues, and other challenges. The site emphasizes a modern, relational approach to counselling, challenging the traditional "blank screen" model. Paul offers both in-person sessions in Rayleigh, Essex, and online sessions throughout the UK, catering to a broad client base. The site also features a blog with articles on topics like reducing negative thoughts and mastering journaling—demonstrating a commitment to providing valuable resources for mental wellbeing.

Financially, True Path Ltd shows some concerning trends. While cash bank on hand increased by a significant 320% to £1,500, net current assets liabilities plummeted to -£540—a substantial decrease. Advances to directors increased by 280% to £10,000, and corporation tax payable also rose by 110% to £14,000. Debtors increased by 85% to £12,000, which could indicate an increase in sales but also potential issues with collecting payments. On a brighter note, retained earnings accumulated losses increased by 480% to £270, suggesting improved equity. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the rising liabilities and director advances warrant closer attention. With no auditor mentioned, the unaudited figures rely on director-reported data.

It seems True Path Ltd is navigating the typical challenges of a small business—balancing growth with financial stability. Paul’s counselling practice, meanwhile, appears to be thriving, attracting positive reviews and establishing a strong online presence—though it's unclear how closely the two ventures are linked.

Registered in England/Wales under the registration number 13522804, with a registered address at BR2 7HH, England, Bromley, 27 Hayes Hill Road.

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