Erika W Uk Ltd

Erika W Uk Ltd from Manchester UK: a small, active company founded five years ago, employs two people, and holds £179,003 in assets. It's a solo-founded operation with one director and owner, Zheng Jie, and boasts a stellar 5.0 Google rating from three reviews. The company regularly imports clothing and accessories made by knitting or crocheting, with ten months of import activity recorded.

The company operates in the wholesale of clothing and footwear industries. Its website highlights a focus on sourcing unique, handcrafted items—a niche that aligns with its import activity. While the website doesn’s offer direct sales, it acts as a catalogue and contact point for potential buyers.

Financially, Erika W Uk Ltd presents a mixed picture. While current assets remain stable at £180,000, net assets have significantly decreased by 81% to -£5,200. Cash reserves have also fallen, though not as drastically, and bank borrowings have increased. Trade debtors have seen a sharp decline, suggesting difficulties in collecting payments. 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 flexibility, but the equity drop warrants attention. As a small company, it’s exempt from an audit, so the figures are unaudited.

Overall, Erika W Uk Ltd appears to be navigating a challenging financial landscape. The company's focus on imported, handcrafted goods offers a unique selling point, but it will need to address the declining equity and manage its cash flow effectively to ensure long-term sustainability.

Registered in England/Wales under the registration number 12083488, with a registered address at M8 8NN, England, Manchester, 42 Broughton Street.

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