Dready Original Ltd

Dready Original Ltd is a small, active company based in Wickford, UK, founded four years ago in 2020. It’s a solo founder operation with one director and employee, holding £7,935 in assets and operating from a virtual address shared by 307 other companies. The company boasts a stellar 5.0 Google rating from three reviews.

Dready Original is a streetwear and lifestyle brand, primarily operating through its e-commerce website. The site showcases a range of clothing, including tees, sweatshirts, hoodies, joggers, and hats, alongside accessories like slipmats and mugs. It also features a "Collabs" section, indicating partnerships with other brands or artists. The website emphasizes unique designs, embroidery, and a focus on graffiti-inspired culture and roots. It’s clearly an online retail business, with a focus on direct-to-consumer sales.

Financially, Dready Original Ltd presents a mixed picture. Cash bank on hand increased by a respectable 57% to £940, but creditors nearly doubled to £9,600. Current assets also saw a boost, rising 72% to £7,900, while debtors completely vanished. Equity, however, took a significant hit, plummeting 920% to -£1,700. This suggests the company is burning through cash faster than it’s generating revenue, despite increased sales. The company is small, meeting two of three criteria for a small company, with a turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. There’s no auditor mentioned, which is typical for small companies.

Overall, Dready Original Ltd seems to be a growing brand with a strong online presence, but it’s facing financial challenges. The increase in creditors and the substantial equity loss suggest the company is relying on borrowed money and may need to carefully manage its expenses to avoid a cash crunch. It's a classic startup scenario—high potential, but also high risk.

Registered in England/Wales under the registration number 12974323, with a registered address at SS11 8YU, United Kingdom, Wickford, Essex, 1 Sopwith Crescent.

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