Besting Limited

Besting Ltd, based in Edgware, UK, is a small, active company founded sixteen years ago in 2008. With just two employees and £380,291 in assets, it operates from a virtual address – a fact highlighted by the presence of 164 other companies registered at the same location. The company is led by two directors and owned by a solo founder, Simonetti Lando.

Besting Ltd specializes in importing clothing and accessories made by knitting or crocheting (16 months of import activity) and exporting footwear and related items (10 months of export activity). Its website, Besting A fabric company, showcases a "new textile scenario" and focuses on designing and producing textiles for creative projects. It also highlights sustainability and global assets, suggesting a broader vision beyond just import/export.

Financially, Besting Ltd's picture is mixed. Current assets have decreased by 20% to £380,000, while net assets have plummeted 73% to just £116,441. Bank borrowings have increased by 2,400% to £29,000, and cash reserves have fallen 30% to £28,000. On the plus side, creditors decreased by 18%, suggesting better debt management. 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 stay agile, but the sharp equity drop raises questions. The unaudited figures, with no auditor mentioned, rely on director-reported data. The company's retained earnings are at -£8,647,668.

Despite these challenges, Besting Ltd's focus on textile design and sustainability, combined with its dual import/export activities, suggests a company with potential. However, the financial strain indicates a need for careful management and a focus on generating positive cash flow to ensure its long-term viability.

Registered in England/Wales under the registration number 06654893, with a registered address at HA8 6JZ, England, Edgware, 13 Whitchurch Lane.

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