Double Two Limited

Double Two Ltd, based in Wakefield, UK, is a large, holding company with an active status, celebrating 70 years in business since its incorporation in November 02, 1954. It’s a significant player, meeting two of three criteria to be considered large: turnover exceeding £36 million and a balance sheet total over £18 million. Despite having a registered address, it’s considered a virtual address, as eleven companies share the same location. The company is managed by three directors and owned by three individuals, with the Wakefield Shirt Company Ltd among them. It operates an e-commerce site and enjoys a stellar 5.0 Google rating based on 33 reviews. Double Two Ltd regularly imports and exports clothing and accessories (excluding knitted or crocheted items), with 299 months of import activity and 30 months of export activity.

The company’s website, Double Two, is a comprehensive online store specializing in men's shirts, ties, and formal wear. It offers a wide range of styles, fabrics, and fits, catering to both casual and formal occasions. The site features a "Statement Collection" for those seeking a bolder look, and a "Heritage" section highlighting the company's long history. It's clear that Double Two Ltd is focused on providing a quality online shopping experience, with clear product descriptions, size guides, and a commitment to customer service.

Financially, Double Two Ltd’s recent report presents a mixed picture. While turnover increased by a healthy 87% to £9.3 million, net assets took a significant hit, decreasing by 49% to £740,000. Bank borrowings increased dramatically, surging by 280% to £370,000, and cash reserves fell 39% to -£1.4 million. Creditors, however, decreased by 6%, suggesting improved debt management. The company’s employee count also declined, dropping from 67 to 60. With no auditor mentioned, the report relies on unaudited data.

Overall, Double Two Ltd appears to be a successful e-commerce business with a strong brand and a loyal customer base. However, the decline in net assets and the increase in bank borrowings raise concerns about its financial health. It will be interesting to see how the company navigates these challenges in the coming years.

Registered in England/Wales under the registration number 00540034, with a registered address at WF1 5RL, England, Wakefield, West Yorkshire, Gate A Double Two Portobello Mill Thornes Lane Wharf, Thornes Lane Wharf.

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