Castles (outerwear) Limited

Castles Outerwear Ltd, based in Whitefield, UK, is a small, active company with a rich history, having been founded 51 years ago in 1973. With nine employees and £90,020 in assets, it’s a well-established operation, boasting a perfect 5.0 Google rating from eight reviews. The company has two directors and a single owner, who is also the solo founder. It operates from a real address and is an irregular importer, bringing in clothing and accessories made by knitting or crocheting, with the last import activity occurring two months ago in March 2023.

The company’s website reveals a comprehensive range of workwear, emphasizing practicality, comfort, and value for money. It positions itself as a leading brand tried and trusted by trade professionals, offering traditional and modern workwear. Castle Clothing, the brand behind 174 PPE, even has a showroom in Harrods, London. The website also highlights TuffStuff and Fort as leading brands, available for retailers and wholesalers. Beyond retail, the site provides statements, policies, and downloadable resources, and actively engages with customers through social media.

Financially, Castles Outerwear Ltd shows a mixed picture. Current assets increased slightly to £90,000, while bank borrowings surged by 2,400%, reaching £29,000. Creditors decreased by 18%, suggesting better debt management. Net losses deepened from -£10,000 to -£23,000, while cash reserves plummeted 71% to just £4,100. 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. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

In short, Castles Outerwear Ltd is holding steady but facing pressures. It’s a long-standing business with a strong brand, but the financial data suggests a need for careful management to ensure its continued success.

Registered in England/Wales under the registration number 01150545, with a registered address at M45 7JF, England, Whitefield, Greater Manchester, Castles Outerwear Ltd Bank House, Bank Street.

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