Competitive Edge (ormskirk) Limited

Competitive Edge Ormskirk Ltd, based in Lancashire, UK, is a small, active company founded 17 years ago. With five employees and £118,815 in assets, it operates from a virtual address—a detail worth noting as twenty companies share the same address. The company is led by three directors, including the solo founder, and boasts a stellar 5.0 Google rating based on fourteen reviews. It’s an irregular importer, bringing in clothing and accessories (not knitted or crocheted) with just one month of import activity recorded as of January 2022.

The company’s website, Competitive Edge, showcases a wide range of designer clothing and accessories for both men and women, including brands like Armani, Hugo Boss, and Ralph Lauren. It’s clearly an e-commerce focused business, offering a curated selection of items and emphasizing fast shipping. They even have a physical store in Ormskirk.

Financially, Competitive Edge shows a mixed picture. Cash reserves decreased by 48%, dropping to £8,800, while bank borrowings increased slightly to £9,400. Creditors rose by 17%, reaching £60,000, and trade debtors increased by 4.3% to £25,000. On a positive note, equity grew by 63%, rising to £15,000, and net assets also increased to £15,000. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The unaudited accounts, likely exempt due to its small size, don’t mention an auditor.

Overall, Competitive Edge seems to be navigating a period of change. While the e-commerce side is thriving, the financial data suggests it’s burning through cash, and the increase in creditors could be a cause for concern. It’s a small company, so agility is an advantage, but the management needs to keep a close eye on the bottom line.

Registered in England/Wales under the registration number 06463629, with a registered address at PR1 3HP, Lancashire, Richard House, Winckley Square, Preston.

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