Doggofashion Ltd

Doggofashion Ltd from London UK: a small, active company founded three years ago, employs two people, and holds £19,018 in assets. It operates from a virtual address, is overseen by four directors, and is owned by Leung Wai Tik, who also serves as the solo founder. The company specializes in retail sales via stalls and markets, as well as mail order and internet industries.

The company’s website, doggofashion.co.uk, showcases a range of dog apparel and accessories—from stylish sweaters to quirky bandanas. While the site appears to be an e-commerce platform, it lacks detailed product descriptions and high-quality images, which may limit its appeal to discerning customers. It’s unclear if the company operates a physical stall or market presence, but the website suggests a focus on online sales.

Financially, Doggofashion Ltd presents a mixed picture. Current assets have fallen significantly by 61% to £19,000, while net assets also decreased by 4.6% to £24,000. Cash reserves have taken a hit, dropping 76% to a mere £8,100. Trade debtors have also declined by 24%, suggesting improved collection rates. However, creditors have increased by 21%, which could indicate a reliance on short-term financing. The company’s small size (meeting two of three conditions for a small company) allows for flexibility, but the decline in cash reserves is concerning. As a small company, it is exempt from an audit, so the figures are unaudited.

Overall, Doggofashion Ltd appears to be navigating a challenging financial landscape. The decline in cash reserves and the increase in creditors suggest that the company may be burning through money faster than it's generating revenue. Whether it can sustain its operations and capitalize on the growing pet fashion market remains to be seen—but for now, it’s a small business facing a lot of pressure.

Registered in England/Wales under the registration number 13566141, with a registered address at WC2H 9JQ, United Kingdom, London, 71-75 Shelton Street, Covent Garden.

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