Virgolocks Ltd

Virgolocks Ltd from London UK: a small, active company founded six years ago, currently has accounts overdue for a year and confirmation overdue by three months. Employing just one person, the company holds £282 in assets and operates from a virtual address, managed by a solo founder who also serves as the sole director and owner. It runs an e-commerce site.

The company’s website, Virgolocks, specializes in human hair extensions, wigs, and related beauty products. It caters to a diverse customer base, offering a wide range of products including HD and Swiss lace wigs, closures, frontals, and extensions. The site also provides custom wig services, braiding, and haircare solutions. It even offers mobile hairdressing services in London, specializing in knotless braids, box braids, and other popular styles. The company actively promotes its products and services through social media and a blog featuring style inspiration and haircare tips. The website also lists a wide range of countries it ships to, indicating an international customer base.

Financially, Virgolocks Ltd’s recent report paints a picture of a company facing challenges. While turnover remains relatively stable, net assets have decreased significantly, dropping by 23% to £-1400. Cash reserves have also taken a hit, falling by 30% to £0. Creditors have increased substantially, rising by 530% to £280—a worrying trend. Trade debtors are at £0, suggesting prompt payment collection. 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 and increase in liabilities raise concerns about its financial health. With no auditor mentioned (likely exempt as a small company), the figures are unaudited.

It seems like Virgolocks Ltd is navigating a period of financial strain, possibly typical for a small e-commerce business. The company's focus on niche beauty products and customer service could help it weather the storm, but careful management of its liabilities will be crucial.

Registered in England/Wales under the registration number 11726382, with a registered address at EC1V 2NX, United Kingdom, London, 128 City Road.

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