Affair Clothing Ltd

Affair Clothing Ltd, based in Manchester, UK, is a small, active company established twelve years ago in 2012. It employs four people and holds assets totaling £1,851,270. With a real address and one director and owner, the company is a regular importer of clothing and accessories—not knitted or crocheted—with 332 months of import activity recorded, the last in September 2023.

The company operates in the wholesale of clothing and footwear industries. While a website isn't available, this suggests a business-to-business model, likely supplying retailers or other wholesalers rather than selling directly to consumers. It’s probable that Affair Clothing Ltd sources goods from overseas and distributes them within the UK.

Financially, Affair Clothing Ltd presents a mixed picture. Cash bank on hand has decreased significantly by 54% to £520,000, which could indicate increased investment or operational expenses. Current assets have also decreased by 4.8% to £1,900,000. However, current assets investments have increased by a substantial 130% to £840,000, suggesting a strategic shift towards longer-term investments. Creditors have nearly doubled, rising 98% to £100,000, and trade debtors have increased by 6.6% to £270,000. Equity has fallen 6.7% to £2,200,000. 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 flexibility, but the decline in equity warrants attention. The accounts are described as “filleted,” meaning they are less detailed and rely on director-reported data, and an audit exempt with accountants report.

The company’s reliance on imports and its recent financial trends suggest it’s navigating a competitive market. While its asset base remains strong, the decrease in cash and equity could be a cause for concern. It’s likely that the company is facing increased costs or challenges in managing its working capital—although, it’s also possible that the company is investing in growth opportunities.

Registered in England/Wales under the registration number 08125905, with a registered address at M3 1ET, England, Manchester, Unit 1 36 Park Street.

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