Credence Apparel Limited

Credence Apparel Limited is a small, active company based in Watford, UK, founded six years ago in 2019. It employs a single person and operates from a real address, managed by one director and one owner. The company runs an e-commerce site and irregularly imports clothing and accessories—not knitted or crocheted—with just one month of import activity recorded as of October 2021.

The company's website, Credence Apparel Co, focuses on modern Christian apparel and gifts. It offers a range of t-shirts, hoodies, hats, and other items, emphasizing a "thought-provoking and uniquely modern" approach to faith-based clothing. The site highlights a mission to "attract others to God's word" and features a blog with content related to Christian values and lifestyle. While the site is currently undergoing updates, it showcases a clear focus on design and messaging.

Financially, Credence Apparel Limited is showing a mixed picture. Bank borrowings increased slightly to £7,100, while cash reserves decreased by 12% to £2,600. Creditors also rose by 2%, and net assets fell by 7%, indicating a potential strain on equity. Despite this, trade creditors decreased, suggesting better management of short-term debts. The company meets two of three criteria to be considered small: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The accounts are described as "filleted," meaning they are simplified and unaudited.

While the e-commerce site appears active and focused on a specific niche, the financials suggest the company is burning through money. The lack of employees—just one reported—hints at a lean operation, but the declining cash reserves and rising liabilities raise concerns. It’s likely that the company is still in its growth phase, but it will need to manage its finances carefully to sustain its operations.

Registered in England/Wales under the registration number 11981243, with a registered address at WD18 0AH, England, Watford, 23 Granville Road.

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