Ark/8 Ltd

Ark/8 Ltd, based in Crawley, UK, is a small, family-run business with an active status. Founded three years ago, the company employs thirteen people and holds £688,732 in assets. It operates from a virtual address, a detail that raises some questions, and is managed by two directors and four owners. The company regularly imports clothing and accessories made by knitting or crocheting (fifteen months of import activity) and exports clothing and accessories that aren’s knitted or crocheted (thirteen months of export activity).

The company’s website, Ark8, showcases a range of clothing items, including hoodies, t-shirts, and sweaters, often featuring unique designs and graphics. The site also highlights collaborations with British personalities, such as Abubakar Salim, a BAFTA-winning actor. The site’s blog section further reinforces its brand identity, showcasing a mix of fashion trends and lifestyle content. It seems to be a modern e-commerce business, aiming for a distinct aesthetic and customer experience.

Financially, Ark/8 Ltd has experienced some turbulence. Cash reserves have plummeted by a staggering 98%, dropping to just £43,000. Current assets have also declined significantly, falling 66% to £690,000. Creditors have increased substantially, rising 52% to £4.3 million, which could indicate a reliance on short-term financing. On a positive note, trade debtors have increased by 160%, suggesting improved customer payments. 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 remain nimble, but the sharp decline in equity—now at -£3.3 million—raises concerns about its long-term viability. With no auditor mentioned, the unaudited figures rely on director-reported data.

It's clear that Ark/8 Ltd is navigating a challenging financial landscape. The company’s focus on unique designs and collaborations seems to be driving sales, but managing cash flow and controlling debt will be crucial for its future success.

Registered in England/Wales under the registration number 13997426, with a registered address at RH10 1HT, United Kingdom, Crawley, West Sussex, Ground Floor, 1-7 Station Road.

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