W-lab Cosmetic Ltd

W-Lab Cosmetic Ltd is a small, active company based in London, UK, founded three years ago. It holds £832 in assets and operates from a real address, managed by one director and owner. The company’s status is active, and it’s classified as a small business, meeting two of three conditions: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees.

The company’s website showcases a wide range of cosmetic and skincare products, sold directly to consumers. It’s clearly an e-commerce operation, with a focus on Turkish brands and products like Nutrinew Vitamins. The site is well-designed and features product descriptions, pricing, and a shopping cart—a standard setup for online retail. There's a strong emphasis on fast shipping and customer service, which is important for building trust in the online marketplace.

Financially, W-Lab Cosmetic Ltd is facing some challenges. Current assets have plummeted by a staggering 95%, dropping to just £830. Net assets are also down significantly, at -£11,000, and cash reserves are at a low £830. Loans from directors have decreased by 54%, to £11,000, and trade creditors have also decreased by 33%, to £400. The lack of employees (zero reported) suggests a very lean operation. The company’s unaudited accounts, exempt from an audit as a small company, rely on director-reported data.

While the e-commerce site appears active, the financials reveal a company struggling to maintain its financial health. The sharp decline in assets and cash reserves, coupled with negative equity, indicates that W-Lab Cosmetic Ltd is burning through money. Whether this is a temporary setback or a longer-term issue remains to be seen, but the company will need to address these financial pressures to ensure its survival.

Registered in England/Wales under the registration number 13433594, with a registered address at N17 0QT, England, London, Unit 6k West Mews, West Road.

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