Abacus Fashions Limited

Abacus Fashions Ltd from Ilford UK is a small holding company with an active status, established 32 years ago in December 1992. The company employs 14 people and holds assets valued at £1,616,162. It operates from a real address and is overseen by two directors and one owner, running an e-commerce site. Regular imports of footwear and related items have occurred for 181 months, while exports of clothing and accessories (excluding knitted or crocheted items) span 332 months.

The company's website, Zoo Fashions, showcases a curated selection of designer menswear, featuring luxury brands like Amiri, Christian Louboutin, and Givenchy. It offers a wide range of clothing, footwear, and accessories, with a focus on online retail and fast shipping. The site also highlights seasonal collections and collaborations, such as the recent Stone Island Marina line and the SFTM x Adidas collection. It’s a stylish, modern operation.

Financially, Abacus Fashions Ltd presents a mixed picture. Current assets have decreased by 7% to £1,600,000, while net assets have dropped by 2.3% to £1,000,000. Bank borrowings have fallen by 27%, with current instruments at £67,000, and cash reserves have declined by 39% to £430,000. Creditors have also decreased by 9.5%, which could indicate improved debt management. The company meets the criteria for a small business, with a turnover under £10.2 million and fewer than 50 employees. Debtor levels have risen significantly, by 62%, which may suggest increased sales or extended credit terms. The unaudited financial statements, which do not mention an auditor, rely on director-reported data.

Overall, Abacus Fashions Ltd appears to be navigating a period of change. While the e-commerce side is thriving with a strong brand presence, the financial data suggests some pressure. The decrease in cash reserves and increase in debt could be a result of increased investment in the online business, or perhaps a slowdown in sales. It’s likely the company is working to maintain its position in a competitive market, and the rise in debtors may be a cause for concern.

Registered in England/Wales under the registration number 02771151, with a registered address at IG1 1QF, United Kingdom, Ilford, London, 222-224 High Road.

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