Diamond Clothing Limited

Diamond Clothing Limited, based in West Bromwich, UK, is a small, active company founded seven years ago in December 2017. Employing twenty people and holding assets of £89,763, it’s a solo-founded operation with one director and owner, Kaur Balbir, at the helm. The company has a real registered address and maintains a respectable Google rating of 3.0 based on two reviews. It operates as an irregular importer of cotton products, with one month of import activity recorded as of March 2023, and an irregular exporter of clothing and accessories, not knitted or crocheted, with two months of export activity as of February 2024.

The company’s website, Diamond Clothing, features a simple layout with a navigation menu and a tagline emphasizing “Dependable Quality, Timeless Style.” It’s clear the business is focused on wholesale of clothing and footwear industries. There’s no obvious e-commerce presence, suggesting a business-to-business model rather than direct sales to consumers. The site’s dated design—mentioning a 2015 copyright—hints at a company that hasn’s invested heavily in its online presence.

Financially, Diamond Clothing Limited presents a mixed picture. Current assets have dropped by 26% to £90,000, while net assets have plummeted 99% to a mere £360. Cash reserves have also fallen dramatically, decreasing 76% to £23,000. Bank borrowings, however, remain stable, with both overdrafts and non-financial instruments holding steady. Trade debtors have increased significantly, rising 200% to £60,000, which could indicate increased sales but also potential payment issues. Creditors have also risen slightly, increasing 2.6% to £77,000. The company’s small size—meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees—helps it remain agile, but the sharp decline in equity raises concerns. As a small company, it’s likely exempt from an audit, so the figures are unaudited. It’s clear the company is facing financial pressures.

Registered in England/Wales under the registration number 11112510, with a registered address at B70 6BH, England, West Bromwich, Unit 2a Spon Lane.

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