Truly Experiences Ltd

Truly Experiences Ltd, based in London, UK, is a small, active company founded twelve years ago. With three employees and £287,566 in assets, it holds a stellar 5.0 Google rating from 60 reviews. The company operates under the leadership of two directors and is owned by Huang Jack Paikai.

The company’s website showcases a diverse range of experiences, from dining and spa days to travel getaways and gift ideas. It caters to various interests and price points, offering options under £100, between £100 and £300, and beyond. The site’s structure is clearly designed for gift-givers, with dedicated sections for recipients, interests, occasions, and even specific individuals like "him," "her," or couples. It also features a "Truly Promise" guaranteeing value and free exchanges, a key differentiator in the experience gifting market.

Financially, Truly Experiences Ltd appears to be facing some challenges. While the company’s net assets remain steady at -£800,000, cash bank on hand has dramatically decreased by 84%, plummeting to £62,000. Trade debtors have also fallen by 24%, suggesting a slower collection of payments. However, creditors have decreased by 22%, indicating improved debt management. The company’s small size—meeting two of three criteria for a small company—helps maintain agility, but the decline in cash reserves warrants attention. The lack of an auditor mentioned (likely exempt as a small company) means the figures are unaudited. It seems like the company is burning through money like a startup, and the management needs to keep a close eye on the cash flow.

Registered in England/Wales under the registration number 08207504, with a registered address at EC2A 4NE, England, London, England, Truly Experiences Ltd, 3rd Floor 86-90 Paul Street.

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