Eastman Leather Clothing Ltd

Eastman Leather Clothing Ltd from Plymouth UK: small company, active status, founded 12 years ago, 12 employees, £1,153,436 assets, real address, 1 director, 1 owner, solo founder. Regular importer of clothing and accessories made by knitting or crocheting (63 months imported). Regular exporter of clothing and accessories made by knitting or crocheting (25 months exported). It’s a small, family-run business with a real address and a tight-knit team of twelve people. The company, founded in 2013, operates as a regular importer and exporter of knitted and crocheted clothing and accessories, with a long history of both import and export activity.

The company’s core business revolves around the manufacture of leather clothes, a trade it’s been involved in for over a decade. While no website is available, the business likely operates through wholesale or direct sales channels. It's a solo founder operation, with Mr. Gary Eastman holding both the director and owner roles.

Financially, Eastman Leather Clothing Ltd shows some interesting trends. Current assets increased by a substantial 68%, reaching £1,200,000, while net assets also rose significantly, up 75% to £1,100,000. Bank borrowings, however, increased by a staggering 2,400%, reaching £29,000, and cash reserves fell 30% to £370,000. Trade debtors also increased by 63%, suggesting a possible expansion of credit terms or delayed customer payments. Creditors decreased by 8%, which is a good sign. As a small company meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees, it’s likely exempt from a full audit, and the figures are unaudited.

The increase in debt, despite the growth in assets, warrants a closer look. It could be a result of investments in new equipment or materials to support the company’s import and export activities, but it's something to keep an eye on. The company’s small size allows for agility, but managing its finances effectively will be crucial for its long-term success.

Registered in England/Wales under the registration number 08460656, with a registered address at PL6 8LT, Plymouth, Plym House 3 Longbridge Road, Marsh Mills.

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