Awana Ltd

Awana Ltd is a small, active company based in London, UK, founded nine years ago in 2016. With £840,176 in assets and a virtual address, it employs three people and is led by two directors and a solo founder. The company operates in the retail sale of clothing in specialised stores and irregularly imports footwear and related items, with the last import activity recorded two months ago in January 2024.

The company’s website, Awana Group, paints a picture of a global supplier of ladies' footwear with a strong Brazilian heritage. It emphasizes responsiveness, creativity, industriousness, and readiness—qualities that drive its relationships with clients and partners. Awana operates production hubs in Brazil, India, and China, and even has a presence in North America as a licensee of the Band of Gypsies Footwear brand. The website highlights its ability to deliver high-quality products at competitive prices, while maintaining ethical and sustainable practices. It also mentions a world-class partner network spanning Brazil, the UK, India, China, and Hong Kong.

Financially, Awana Ltd shows a mixed picture. Cash reserves increased by 47% to £750,000, and current assets also rose significantly by 63% to £840,000. However, net assets and equity both decreased by 57% to -£42,000, indicating a potential drain on retained earnings. Trade debtors have increased dramatically, by 1100%, to £89,000, which could be a sign of increased sales but also a risk of delayed payments. Creditors have also increased by 44%, to £880,000, suggesting the company is relying more on short-term financing. The company is exempt from audit, and the financial statements are unaudited.

While Awana Ltd’s increased assets and cash reserves suggest growth, the declining equity and rising debts warrant closer scrutiny. The company's global production network and focus on ethical sourcing could be key to its long-term success, but managing its finances effectively will be crucial to avoid any future problems.

Registered in England/Wales under the registration number 10154957, with a registered address at N3 1LF, United Kingdom, London, Aston House, Cornwall Avenue.

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