Accessory Trading Ltd

Accessory Trading Ltd is a small, active company from South Tottenham, UK, founded eleven years ago in 2014. It's a solo founder operation with one director and three employees, holding assets of £116,003. The company operates from a virtual address, registered at N15 6BL, which is shared by 47 other companies. It’s a regular importer, specializing in headgear and accessories for nine months, with its last import activity recorded in October 2024. The business operates in the other business support service activities n.e.c. industries.

The company’s website, AB Fashion Trading Ltd, showcases a wide range of ladies' fashion accessories, including fascinators, scarves, hats, gloves, and sunglasses. It caters to both wholesale and retail customers, with a particular emphasis on unique designed fascinators and colorful scarves. The site highlights a Manchester showroom and trusted UK suppliers with 20 years of experience. It has a great selection of bags and gloves too.

Financially, Accessory Trading Ltd presents a mixed picture. Accumulated depreciation on computer equipment increased by 50%, while furniture fittings saw a 100% jump. However, bank borrowings surged by a significant 4,900%, reaching £50,000, and cash reserves dropped 140% to £63,000. Creditors decreased by 7.5%, suggesting improved debt management. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay nimble, but the substantial increase in bank borrowings and the decline in equity (-85%) raise concerns. The company is exempt from an audit, so the figures are unaudited.

The sharp increase in bank borrowings, combined with a decrease in net assets, suggests that Accessory Trading Ltd may be burning through cash. It’s possible that increased import costs or marketing expenses contributed to this trend. The company’s reliance on a virtual address, while cost-effective, could also raise questions about its long-term stability.

Registered in England/Wales under the registration number 08936961, with a registered address at N15 6BL, South Tottenham, London, 115 Craven Park Road.

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