Boinclo Ltd.

Boinclo Ltd, based in St. Albans, UK, is a small, active company established eight years ago in 2016. Employing seven people and holding £854,085 in assets, it operates from a virtual address—a point to note as fifty-one companies are registered at the same location. The company is led by one director and owned by two individuals, with ownership details changing two months ago. Boinclo runs an e-commerce site, specializing in the retail of designer clothing, offering a wide range of brands like Burberry, Stone Island, and Moncler. It regularly imports clothing and accessories (excluding knitted or crocheted items) for 52 months, with the latest import occurring in November 2024. Export activity is irregular, limited to clothing and accessories made by knitting or crocheting, with just two months of exports recorded, the last in April 1, 2024.

The company’s website showcases a curated selection of luxury brands, emphasizing authenticity and competitive pricing. It offers a range of services, including free shipping on orders over £150, a loyalty program, and WhatsApp deals. The site also features a blog with articles on investing in designer fashion and the history of brands like Prada. The website is very active and well-designed, with a lot of information and a good user experience.

Financially, Boinclo Ltd presents a mixed picture. Cash reserves have significantly decreased by 68%, dropping to £72,000. Bank borrowings have increased to £4,400, and trade debtors have risen by a substantial 94%. However, creditors have also decreased by 36%, suggesting some improvement in managing short-term liabilities. The company’s net assets have increased by 4.5%, reaching £830,000. 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. There’s no mention of an auditor, likely due to its small size. The increase in bank borrowings and decrease in cash reserves could indicate that the company is investing in its business or facing tighter margins, but the decrease in creditors is a positive sign. The company’s reliance on a virtual address, while common, could raise questions about its long-term stability.

Registered in England/Wales under the registration number 10528065, with a registered address at AL4 0PG, England, St. Albans, Tyttenhanger House Coursers Road, Colney Heath.

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