1xblue Ltd

1XBLUE is a small, active company based in London, UK, founded four years ago. With two employees and £170,548 in assets, it operates from a virtual address—a detail flagged by the presence of 39 other companies registered at the same location. Owned and directed by Saunders Lois and Jack, the company is a solo founder’s venture. It regularly imports clothing and accessories that aren't knitted or crocheted (four months of activity), and exports clothing and accessories made by knitting or crocheting (22 months of activity).

The company’s website, 1xblue.com, showcases a curated collection of clothing, with a focus on tops, bottoms, dresses, swimwear, shoes, and accessories. It features a "lookbook" section and encourages sign-ups for email updates, offering a 10% discount. The site’s clean design and emphasis on free shipping over £200 suggest a modern e-commerce approach, aimed at a fashion-conscious consumer base. The site also has a sale section, indicating an effort to clear inventory and attract price-sensitive shoppers.

Financially, 1XBLUE Ltd presents a mixed picture. Cash bank on hand has increased significantly by 130%, reaching £140,000, which is a positive sign of improved liquidity. However, creditors have also risen by 55%, reaching £51,000, which could indicate increased reliance on short-term financing. Net assets have increased by 120%, reaching £130,000, and equity has also increased by 120%, reaching £130,000. While 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 agility, the rise in creditors warrants monitoring. The lack of an auditor mentioned (likely exempt as a small company) means the figures are unaudited.

Overall, 1XBLUE appears to be a growing e-commerce business with a focus on knitted and crocheted clothing. The increase in cash reserves is encouraging, but the rising creditors suggest a need for careful financial management.

Registered in England/Wales under the registration number 12821311, with a registered address at SE19 3RW, England, London, 67 Westow Street Upper Norwood.

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