Designer Exchange Ltd

Designer Exchange Ltd, based in London, UK, is a small, active company established eleven years ago. With seventy-nine employees and £2,898,600 in assets, it operates a virtual address and is managed by eight directors and two owners. The company’s core business revolves around an e-commerce site specializing in pre-loved designer handbags and accessories. It regularly imports and exports leather goods, travel bags, and animal harnesses, with recent activity recorded in December 2024 for imports and January 2025 for exports.

The website showcases a curated collection of luxury brands like Chanel, Louis Vuitton, Hermes, Gucci, and Saint Laurent, offering everything from handbags and jewelry to watches and accessories. The site emphasizes authenticity and provides detailed product descriptions, condition reports, and high-quality images. It also features a blog with articles on fashion trends, brand histories, and care tips, demonstrating a commitment to educating and engaging customers. The website also has a “Sell To Us” section, inviting customers to consign their designer items.

Financially, Designer Exchange Ltd presents a mixed picture. While current assets remained relatively stable at £2,900,000, net assets took a significant hit, dropping 42% to -£3,600,000. Bank borrowings increased substantially, reaching £29,000, while cash reserves declined by 16% to £200,000. Creditors also increased, suggesting a need for better cash flow management. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the large equity loss is concerning. As a small company, it’s exempt from an audit, so the figures are unaudited.

The trend of rising creditors and declining equity suggests the company may be burning through cash, perhaps investing heavily in inventory or marketing. It's possible the company is expanding its operations, which would explain the increased spending, but it's also a risk. The company's success hinges on its ability to maintain a strong brand reputation, attract high-quality consignments, and effectively manage its finances.

Registered in England/Wales under the registration number 08643207, with a registered address at E17 4EE, London, Sterling House Fulbourne Road, Walthamstow.

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