Closet Upgrade Limited

Closet Upgrade Limited is a small, active company based in London, UK, founded eleven years ago in 2013. With £50,381 in assets and a real address, it operates as a solo-founded business, managed by one director and owner. The company runs an e-commerce site specializing in the resale of luxury women's fashion.

The website, Closet Upgrade, positions itself as a service that helps women declutter their closets and turn unwanted designer clothing, shoes, bags, and accessories into cash. It offers a range of services, including resale, closet detoxing, personal styling, and charity donations. The site also features a curated selection of preloved luxury fashion sourced directly from client wardrobes, and even offers a "Shop" section with new arrivals. They've got a mission to help women wear less and recycle more.

Financially, Closet Upgrade Limited has seen some changes. Cash reserves have dropped by 39% to £46,000, and current assets have decreased by 38% to £50,000. Equity has also taken a hit, falling 46% to £39,000. Creditors have increased by 23%, suggesting a reliance on short-term financing. While the company’s small size (meeting two of three criteria for a small company) allows for agility, the decline in equity raises questions. The company is exempt from an audit, so the figures are unaudited.

It’s clear that the business is working hard to maintain its customer base and adapt to changing market conditions, but the financial results suggest it’s facing some challenges.

Registered in England/Wales under the registration number 08721533, with a registered address at NW8 7PT, United Kingdom, London, Imperial Court, Prince Albert Road.

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