Due Diligence Apparel Ltd

Due Diligence Apparel Ltd is a small, holding company based in Gloucester, UK, with an active trading status. Founded seven years ago in 2018, the company holds £63,748 in assets and operates from a real address. It’s managed by four directors and owned by two individuals, though the list of owners changed three years ago. The business functions as an irregular importer, bringing in clothing and accessories made by knitting or crocheting for two months, with the last import occurring in December 2023. Conversely, it’s a regular exporter of similar items, having exported for six months, with the latest shipment leaving in July 2024. The company’s activities primarily involve retail sales of clothing through specialised stores, mail order, and online platforms.

The company's website is simple and functional, showcasing a range of knitted and crocheted clothing and accessories. It’s clear that the business operates primarily as an e-commerce site, with a focus on direct-to-consumer sales. There’s no indication of a physical store presence, suggesting a lean operation reliant on online marketing and order fulfillment. The site’s design is clean and professional, emphasizing product images and easy navigation.

Financially, Due Diligence Apparel Ltd presents a mixed picture. While cash reserves have decreased by 29% to £4,900, current assets have increased by 33% to £64,000. However, net assets have declined by 11% to -£240,000, a concerning trend. Bank borrowings have been significantly reduced, falling 72% to £13,000, which is a positive sign. Trade debtors have exploded, increasing by 3700% to £35,000, which could indicate issues with customer payments or an aggressive credit policy. Creditors have also risen, increasing by 6% to £280,000. The company’s small size—meeting two of three conditions for a small company—allows for flexibility, but the declining equity and rising debtors warrant closer attention. As a small company, it is exempt from an audit, so the financial data is unaudited. The company’s reliance on a single owner and director, while efficient, could also create management risks.

Registered in England/Wales under the registration number 11281205, with a registered address at GL2 4NF, United Kingdom, Gloucester, 1st Floor Virgate Accounts, Olympus House.

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