Clothing Online Limited

CLOTHING ONLINE LIMITED, based in London, UK, is a small, active company with a real registered address and a single director, Muhammad Yousaf Rehman. Established in 2023, the company has £2400 in equity and employs just two people, a significant decrease from three the previous year. It operates an e-commerce site selling clothing and accessories, and has a single month of export activity recorded as of January 2024.

The company’s website, CLOTHING ONLINE LIMITED, focuses on online retail, offering a range of clothing items. It’s a relatively new venture, and the site's design and content suggest a focus on affordability and convenience for online shoppers. While the company’s legal form is described as a “Private Limited Company Ltd,” the website itself doesn’s offer much detail about its specific niche or target market.

Financially, CLOTHING ONLINE LIMITED presents a mixed picture. Despite a 140% increase in equity, going from a loss of £5500 to a profit of £2400, the company's cash bank on hand has decreased by a substantial 70%, falling to £13,000. Total inventories have also dropped by nearly 50%, reaching £7400, which could indicate reduced stock levels or a shift in purchasing strategies. Trade debtors have increased by 160%, reaching £2000, which might suggest difficulties in collecting payments from customers. Creditors have decreased by 19%, to £2200, which is a positive sign. Bank overdrafts remain steady at £7200.

The company’s production software, VT Final Accounts, version April 2022, was used to prepare these unaudited, full accounts. As a small company, CLOTHING ONLINE LIMITED is exempt from an audit. The accounts were authorised for issue on October 14, 2024.

The sharp decline in cash reserves, despite the increase in equity, is a concern. It’s possible this is a temporary setback, perhaps due to increased investment in inventory or marketing. However, the company will need to carefully manage its cash flow to ensure its long-term viability.

Registered in England/Wales under the registration number 13145240, with a registered address at M32 0BD, England, Manchester, 11 Marple Grove, Stretford.

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