East London Trading Company Limited

East London Trading Company Limited is a small, holding company based in Goffs Oak, UK, with an active trading status. Founded nine years ago in 2015, the company employs nine people and holds £535,260 in assets. It operates from a virtual address, registered with 108 other companies, and is overseen by two directors and one owner. The company regularly imports clothing and accessories, not knitted or crocheted, for 24 months, and exports various textile products, sets, used clothing, and rags for 20 months.

The company’s website, “Supplier of Fine Goods The London Trading Company,” suggests a focus on retail and potentially wholesale of high-quality items. It’s unclear if this is a direct-to-consumer operation or if the company supplies other retailers, but the branding implies a focus on premium goods.

Financially, East London Trading Company Limited shows a mixed picture. Current assets increased by 13%, reaching £540,000, while net assets grew by a significant 33%, reaching £170,000. Bank borrowings remained steady, and cash reserves increased by 19%, reaching £420,000. However, creditors also increased by 8.3%, and other creditors saw a dramatic 270% increase. The company meets the criteria for a small company, with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. The lack of an auditor mentioned likely reflects its status as a small, exempt company.

The sharp increase in other creditors could indicate rising operational expenses or potentially delayed payments to suppliers. While the company’s assets and cash reserves are healthy, the rise in liabilities warrants close monitoring. The company’s consistent import and export activity, combined with a growing asset base, suggests a stable, albeit potentially stretched, business model.

Registered in England/Wales under the registration number 09788248, with a registered address at EN7 5GE, United Kingdom, Goffs Oak, Hertfordshire, East Wing Goffs Oak House, Goffs Lane.

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