Designerwear International Limited

Designerwear International Ltd, based in Preston, UK, is a small holding company with an active status, having been founded 23 years ago in 2001. The company employs ten people and holds £1,766,345 in assets, although its registered address is likely a virtual one, as eighty-six companies share the same location. With four directors and one owner, Designerwear International operates as a regular importer of clothing and accessories made by knitting or crocheting (31 months of import activity) and a regular exporter of clothing and accessories, not knitted or crocheted (4 months of export activity).

The company's website showcases a wide selection of designer clothing and footwear for both men and women, featuring brands like Armor Lux, Barbour, Belstaff, and many more. It's clearly an e-commerce operation, offering a range of styles from activewear to outerwear, and even a dedicated outlet section with discounted prices. The site also features a "Journal" section with blog posts about fashion trends and brand spotlights, which is a nice touch.

Financially, Designerwear International Ltd presents a mixed picture. While cash reserves increased by a significant 250% to £5,800, net assets decreased by 77% to -£640,000, a substantial decline. Bank borrowings were reduced by 60% to £150,000, which is a positive sign, and trade debtors increased by a whopping 270%, suggesting potential issues with customer payments. Creditors, however, decreased by 8.7%, which could indicate improved debt management. The company meets the criteria for a small company, with a turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. No auditor is mentioned, which is common for small companies.

The sharp decrease in equity is a cause for concern, and the increase in trade debtors warrants further investigation. Despite these challenges, Designerwear International’s focus on premium brands and online retail suggests a potential for growth, but it's important to monitor its financial health closely.

Registered in England/Wales under the registration number 04228358, with a registered address at PR1 3HP, Preston, Lancashire, Richard House, Winckley Square.

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