Truly Exquisite Limited

Truly Exquisite Limited, based in Mayfair, London, is a small, active company founded eleven years ago in 2013. With a single employee and £14,508 in assets, it operates from a real address and is managed by one director and owner, Patel Kunal. The company’s status is active. It’s a bit of a unique business, importing leather goods, travel bags, and animal harnesses for a short period (one month, last in 2021) while regularly exporting toys, games, and sports equipment (eleven months, last in 2021). The company operates in the other manufacturing n.e.c., the retail sale via mail order houses or via internet industries.

The company’s website showcases a luxury customising brand specializing in 24k gold smartphones and giftware. It positions itself as the “UK’s premier luxury customising brand,” offering bespoke technology and gifts tailored to individual specifications. The website highlights luxury 24k gold plated customised phones, electric ride-on cars, and other luxury gifts, emphasizing craftsmanship and exclusivity. It’s not affiliated with brands like Apple or Samsung, operating as an independent customising brand. The website also features a blog, testimonials, and details on international shipping.

Financially, Truly Exquisite Limited shows a mixed picture. Cash bank on hand decreased by 30% to £5,500, and net assets declined by 130% to -£16,000. Loans from directors, however, surged by a staggering 3,900% to £11,000, suggesting a reliance on personal funding. Creditors decreased by 29%, which is good, but trade debtors increased by 10%. 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 decline in equity raises questions about its long-term sustainability. As a small company, it’s likely exempt from an audit, so the figures are unaudited. It seems like they are burning through money, but the loans from directors show a willingness to invest.

Registered in England/Wales under the registration number 08526055, with a registered address at W1S 4JL, England, London, 45 3rd Floor, 45 Ablemarle Street, Mayfair.

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