Asylum Retail Limited

Asylum Retail Ltd from Derby UK: a small company with an active status, founded thirteen years ago, employs eighty-four people, and holds £2,547,448 in assets. It operates from a virtual address and is led by five directors, with one owner who is also the solo founder. The company is an irregular importer of glass and glassware, with just one month of imports recorded.

The company’s website, DMG SCY, is a vibrant online retailer specializing in clothing, footwear, accessories, and homeware. It offers a wide range of brands, from established names like Dr. Martens and Killstar to its own-label designs. The site is well-designed and easy to navigate, with a focus on visual merchandising and a strong social media presence. It’s clearly an e-commerce business, selling directly to consumers via its website and offering free UK shipping over £50. The site also features a section dedicated to band merchandise and UK festivals, suggesting a focus on music and pop culture.

Financially, Asylum Retail Ltd presents a mixed picture. Current assets increased by 22% to £2,500,000, while net assets grew by a substantial 41% to £1,600,000. However, bank borrowings remained stable at £44,000, and cash reserves increased by 56% to £180,000. Trade debtors jumped significantly by 390%, suggesting potential issues with customer payments, and creditors also increased by 15% to £1,400,000. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it maintain agility. The lack of an auditor is typical for a small company, and the financial statements are unaudited.

The sharp increase in trade debtors is something to watch, but overall, Asylum Retail Ltd appears to be financially stable, with growing assets and a healthy cash position. The company’s focus on niche markets and strong online presence suggest it’s well-positioned for continued growth, even if it's a little bit over-staffed.

Registered in England/Wales under the registration number 07994531, with a registered address at DE1 3DE, United Kingdom, Derby, 47a Queen Street.

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