Emporium Red Limited

Emporium Red Limited is a small, active company based in Plumstead, UK, founded nine years ago in 2015. With just £13 in assets and a single director, it operates from a real address shared by only one other company. The company’s status is active, and it has no reported owners, likely one of the directors.

The business operates in the retail sale via mail order houses or via internet, showcasing a diverse range of eyewear collections. These include the Brooklyn range, known for its high-quality, fashion-forward designs, and the LOL Surprise collection, targeting young fans. The company also offers a dual-wear clip-on eyewear collection and a variety of frames, cases, and cloths. Customers can browse the collections and register to place orders through the Emporium Eyewear LTD website.

Financially, Emporium Red Limited’s recent performance paints a concerning picture. Current assets have drastically declined by 83%, dropping to just £13, while net assets have plummeted 160% to -£4,200. Cash bank on hand has also decreased significantly by 84%, leaving only £12. Bank borrowings have increased by 130%, reaching £4,300, and creditors have surged by 120%, now standing at £4,500. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the sharp decline in equity suggests potential financial strain. The accounts are unaudited and described as “filleted,” meaning they are simplified and rely on director-reported data.

It seems like the company is burning through cash, with increased borrowing and decreasing assets. The lack of reported owners and the reliance on loans could indicate a startup struggling to achieve profitability. While the website shows a focus on product variety and customer engagement, the underlying financials suggest a need for careful management and potentially, a shift in strategy.

Registered in England/Wales under the registration number 09853141, with a registered address at SE18 7TG, Plumstead, 64 Bramblebury Road.

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