Brands Outlet Ltd

Brands Outlet Ltd, based in London UK, is a small, active company founded seven years ago in 2017. It holds £18,584 in assets and operates from a virtual address, managed by one director and owner. Despite a respectable Google rating of 4.0 from 14 reviews, the company’s accounts and confirmation statements are overdue for a year, a bit concerning really.

The business focuses on retail sales via mail order and the internet, offering a wide range of branded clothes up to 80% off. Its website, Top Brand Outlet UK, showcases a collection of footwear, polo shirts, jeans, and jackets for both men and women. Customers can join a newsletter for updates and enjoy split payment options. A physical address is provided in Navestock Romford, but it’s likely a shared space, as 8771 companies are registered there. The site emphasizes customer satisfaction, with 98% of shoppers reporting a positive experience.

Financially, Brands Outlet Ltd presents a mixed picture. Cash bank on hand has plummeted by a whopping 91%, falling to just £2,600. Bank borrowings remain steady at £50,000, and current assets have declined by 55% to £19,000. Creditors are also unchanged, at £50,000. Equity has taken a significant hit, dropping 260% to -£32,000. It’s a small company, meeting two of three conditions for size (turnover under £10.2m, assets under £5.1m, and fewer than 50 employees). The lack of a mentioned auditor suggests it’s exempt from an audit as a small company, relying on unaudited financial statements.

Overall, Brands Outlet Ltd appears to be facing some financial headwinds. The sharp decline in cash reserves and the negative equity suggest it’s burning through money faster than it’s generating revenue. Whether this is a temporary blip or a longer-term trend remains to be seen, but the company will need to address these issues to ensure its long-term viability.

Registered in England/Wales under the registration number 10902046, with a registered address at EC1V 2NX, England, London, 124 City Road.

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