Avinci Ltd

Avinci Ltd, based in Leicester, UK, is a small, active company founded eleven years ago in 2013. Employing 53 people, it holds £1,545,386 in assets and operates from a real address. With one director and owner, Saravanamuttu Vimala Chandran, the company regularly imports clothing and accessories made by knitting or crocheting (70 months of import activity, latest in February 2025) and exports knitted or crocheted fabrics (25 months of export activity, also latest in February 2025). The company operates in the wholesale of clothing and footwear industries.

The company’s website, Avinci, showcases a wide range of women’s fashion clothing and dresses, available for online purchase. The site features mini, midi, and maxi dresses, alongside coords, jumpsuits, and separates. It’s clear the business is focused on e-commerce, with a modern, visually appealing website and a range of payment options. The site also has a blog, suggesting an effort to engage with customers and establish brand authority.

Financially, Avinci Ltd presents a mixed picture. While current assets remained relatively stable at £1,500,000, net assets decreased by 3.9% to £490,000. Bank borrowings increased by 13% to £70,000, and cash reserves plummeted 85% to just £19,000—a significant drop. Trade debtors, however, increased by a substantial 49%, indicating potential issues with customer payments. Creditors also rose by 22% to £1,000,000. The company meets the criteria for a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. As a small company, it’s exempt from an audit, so the figures are unaudited.

Overall, Avinci Ltd appears to be navigating a period of financial adjustment. The e-commerce operation seems active, but the decrease in cash reserves and increase in debt suggest the company is burning through money. Whether this is a temporary setback or a longer-term trend remains to be seen.

Registered in England/Wales under the registration number 08546951, with a registered address at LE2 4FQ, England, Leicester, 63 Stoughton Road, Oadby.

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