Claret Showroom Limited

Claret Showroom Ltd, based in London, UK, is a small, active company founded nineteen years ago in 2006. With nine employees and £652,932 in assets, it operates from a real address and is overseen by five directors and two owners. The company regularly imports and exports clothing and accessories, not knitted or crocheted, with 625 months of import activity and 395 months of export activity recorded.

The company’s website showcases a curated selection of luxury swimwear and resort wear brands, including Amambaih, Cleonie, and Greek Archaic Kori. It’s clear the company is a wholesale distributor, not an e-commerce retailer, focusing on supplying high-end boutiques and department stores. Alexandra Miro, the founder, emphasizes a passion for structure, form, and color, inspired by female artists like Yayoi Kusama. The website highlights key stockists like Browns, Bloomingdales, and My Theresa, indicating a strong network of retail partners.

Financially, Claret Showroom Ltd’s recent accounts reveal some concerning trends. Current assets have fallen significantly, dropping 39% to £650,000, while net assets have increased by 5.8% to £340,000. Trade debtors have plummeted by 63%, suggesting difficulties in collecting payments, and cash reserves have decreased by 21% to £100,000. Bank borrowings have increased by 2,400%, reaching £29,000, and creditors have decreased by 18%, suggesting better debt management. The company meets the criteria for a small company, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. As a small company, it’s exempt from an audit, and the accounts are unaudited.

The sharp decline in trade debtors and the increase in bank borrowings could indicate a period of financial pressure. However, the company’s focus on high-end brands and strong retail partnerships suggests a resilient business model. It’s possible that the company is investing in new inventory or expanding its operations, which could explain the short-term financial strain.

Registered in England/Wales under the registration number 05674674, with a registered address at W14 0BW, England, London, 1 Netherwood Place.

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