Dsp Clothing Ltd

Dsp Clothing Ltd, based in Manchester, UK, is a small, active company founded eight years ago. With two employees and £2,686 in assets, it’s a solo-founder operation managed by one director and owner. The company regularly imports clothing and accessories – not knitted or crocheted – with 13 months of import activity recorded, the last in June 2023. It operates in the wholesale of clothing and footwear industries.

The company's website, DSP International, positions itself as a trusted partner in global trade, offering import and export services, wholesale distribution, and business consultancy. It caters to retailers, distributors, and online businesses, offering a wide range of products from shoes and clothing to furniture and homeware. The site emphasizes its global presence, working with partners across Europe, Asia, and North America. It also offers financial solutions and consultancy services, including credit facilities, risk assessments, and import/export guidance. They even provide web marketing and website development services.

Financially, Dsp Clothing Ltd’s numbers paint a mixed picture. Bank borrowings decreased by 26%, dropping to £8,800, and creditors also fell by 26% to £8,800. However, cash bank on hand plummeted 46%, leaving just £1,200, and current assets also saw a significant drop of 64%, settling at £2,700. Equity has also taken a hit, with retained earnings and accumulated losses increasing the negative balance to -£8,700. The company meets two of the three criteria to be considered small (turnover under £10.2m, assets under £5.1m, and fewer than 50 employees). With no auditor mentioned, the financial statements are unaudited.

The decrease in cash and current assets, combined with the negative equity, suggests the company is facing financial pressures. It’s possible that the company is reinvesting in its business, but the declining numbers warrant close monitoring. The solo founder, Aslam Sonia, will need to keep a close eye on these trends to ensure the company’s long-term viability.

Registered in England/Wales under the registration number 10246905, with a registered address at M8 8ES, England, Manchester, 38 Everside Drive.

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