Baks Menswear Ltd

Baks Menswear Ltd, based in Bournemouth, UK, is a small, active company founded five years ago. Employing just two people, it operates from a real address and is led by a solo founder who also serves as director and owner. Boasting a perfect 5.0 Google rating from 14 reviews, the company is an irregular importer of clothing and accessories, with its last import operation occurring over a year ago in October 2022.

The company's website showcases a wide range of menswear, from casual shirts and polo shirts to suits and footwear. It caters to both formal and casual styles, featuring brands like Bugatti, Douglas Graham, and Guide London. Baks Menswear also offers gift vouchers and has a dedicated section for new arrivals, demonstrating a focus on keeping its inventory fresh and appealing. The site actively promotes its brands and offers a convenient online shopping experience, alongside an instore presence.

Financially, Baks Menswear Ltd presents a mixed picture. While bank overdrafts remain steady at £35,000, creditors have also remained consistent at £86,000. Equity, however, is low at just £2,500, and net current assets are negative at -£16,000—a concerning trend. Despite this, trade creditors have decreased, suggesting some improvement in managing short-term debts. The company meets two of three criteria to be considered small, with turnover likely under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees. No auditor is mentioned, which is common for small, exempt companies.

The company’s inventory, valued at £70,000, suggests a reasonable level of stock, but the negative net current assets indicate a potential cash flow challenge. The consistent overdraft suggests the company is reliant on short-term borrowing. It’s possible the company is navigating typical startup pressures, or it could be facing more significant financial headwinds.

Registered in England/Wales under the registration number 12038692, with a registered address at BH4 9AS, United Kingdom, Bournemouth, Dorset, 30 Seamoor Road.

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