Friendshipcollar Ltd

Friendshipcollar Ltd is a small holding company based in London, UK, established eleven years ago. With a virtual address and just one employee, it holds £78,558 in assets. The company is active and managed by a single director and owner, and it’s been importing leather goods, travel bags, and animal harnesses irregularly – the last import was two months ago in 2019.

The company’s website, FriendshipCollar, caters to pet owners, offering matching collars, leashes, and harnesses for dogs, cats, and even horses. It’s a fun, visually appealing site with a strong focus on matching accessories and a playful brand identity. The site also features a blog with helpful articles on pet care and home improvements, suggesting a desire to build a community around the brand. The company operates in the retail sale via mail order houses or via internet industries.

Financially, Friendshipcollar Ltd’s numbers present a mixed picture. Current assets have fallen by a significant 42%, dropping to £79,000, while net assets have plummeted 47% to £68,000. Bank borrowings have increased by 2.5%, reaching £10,000, and cash reserves have halved, falling to £44,000. Creditors have also seen a substantial decrease of 58%, which is a positive sign. The company meets the criteria to be considered small, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The lack of an auditor mentioned (likely exempt as a small company) means the figures are unaudited.

While the company’s brand and website suggest a thriving business, the financial data indicates a potential cash flow challenge. The decrease in assets and cash reserves, coupled with increased borrowings, suggests that Friendshipcollar Ltd is burning through money. It's possible that increased marketing expenses or supply chain issues are contributing to this trend. The decrease in creditors is a positive sign, indicating improved debt management.

Registered in England/Wales under the registration number 08568382, with a registered address at OL8 3QL, England, Oldham, M J Goldman Chartered Accountants Hollinwood Business Centre, Albert Street.

WARNING: The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.
Ports, countries, transport, and price/kg were calculated by CorpSignals; non-official data, may contain errors.