Adore Fashion Ltd

Adore Fashion Ltd is a small, active company based in Manchester, UK, founded five years ago in 2019. With five employees and £91,808 in assets, it’s a solo-founded operation led by a single director and owner. The company is a regular importer of jewelry, precious stones, and metals, with 13 months of import activity recorded, the last in February 2023.

The company's website, Adore Fashion Effortless Sourcing, positions itself as a bridge between global brands and local manufacturers in Bangladesh. It facilitates access to the readymade garments industry, connecting high-expectation brands with reliable local suppliers. Adore Fashion by Narsimha Exim aims to assist top-tier buying houses and fashion brands in accessing the manufacturing capabilities of South East Asia, emphasizing speed, innovation, and quality. The company also operates offices in the UAE, Bangladesh, and India, and boasts a team of founders, Rishi Mukherjee and Md. Azmol Hossain Rony.

Financially, Adore Fashion Ltd shows a mixed picture. Current assets have fallen significantly by 55%, dropping to £92,000, while net assets have plummeted 300% to -£120,000. Cash bank on hand has also decreased by 32% to £28,000. However, trade debtors have ballooned by 340%, reaching £64,000, suggesting a potential influx of new customers or extended payment terms. Creditors have also decreased by 57%, which is a good sign. 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 equity decline raises concerns. The accounts are unaudited, and no auditor is mentioned, which is common for small companies.

In short, Adore Fashion Ltd appears to be facing some financial headwinds, with a significant drop in equity and a reliance on increased trade debtors. Whether the company can sustain its operations and continue to bridge the gap between global brands and local suppliers remains to be seen.

Registered in England/Wales under the registration number 12311871, with a registered address at M8 8HF, England, Manchester, 58 Derby Street.

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