Truth Supplements Ltd

Truth Supplements Ltd is a small, holding company based in London, UK, with an active status. Founded seven years ago in 2018, the company holds £621,260 in assets and operates from a virtual address, registered with 5633 other companies. It’s run by one director and one owner, and boasts an e-commerce site. The company regularly imports organic chemicals, with its last import operation recorded four months ago in November 2020.

The company’s website, Truth Treatments Systems UK, showcases a range of skincare products and systems, catering to concerns like acne, aging, and hyperpigmentation. It operates as a retail business, selling through its website and offering a range of products including cleansers, energizers, hydrators, and supplements. The site also features a blog with articles on skincare topics and a section dedicated to the company's founder, Benjamin Knight Fuchs, a registered pharmacist and skincare chemist.

Financially, Truth Supplements Ltd’s report reveals a mixed picture. Net assets decreased by 8.2% to -£82,000, while bank borrowings increased by 35% to £46,000. Cash reserves dropped by 39% to £7,200. Creditors decreased by 53% to £20,000, suggesting improved debt management. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain agile. With no auditor mentioned, the unaudited figures rely on director-reported data.

The company’s financial performance suggests it's facing some challenges, but its focus on specialized skincare and its online presence could provide a path to sustainable growth. It's a small operation, and the decrease in assets is a concern, but the reduction in creditors is a positive sign.

Registered in England/Wales under the registration number 11200629, with a registered address at WC2H 9JQ, England, London, 71-75 Shelton Street, Covent Garden.

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