Euro Clothing Ltd

Euro Clothing Ltd, based in Manchester, UK, is a small, active company founded six years ago. With £16,403 in assets and a virtual address shared by twenty-four other companies, it’s a compact operation managed by one director and owner. The business has a perfect 5.0 Google rating based on a single review and regularly imports clothing and accessories made by knitting or crocheting, with nine months of import activity recorded.

The company operates in the wholesale of clothing and footwear industries, and its website, while minimal, suggests a focus on sourcing and distribution. It's not clear if they operate an e-commerce site themselves, but they likely supply retailers or other businesses.

Financially, Euro Clothing Ltd presents a mixed picture. Current assets have fallen by 22% to £16,000, while net assets have plummeted 86% to just £170. Bank borrowings have decreased by 31%, and cash reserves have dropped 43% to £3,100. Debtors have increased by 22%, and creditors have decreased by 18%. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain flexible, but the significant equity decline is concerning. With no auditor mentioned (likely exempt as a small company), the figures are unaudited.

The company’s director, Haider Nisar, appears to be driving the business, but the financial strain suggests it’s facing challenges. Whether the business can turn things around, or if it’s burning through money, remains to be seen.

Registered in England/Wales under the registration number 11621220, with a registered address at M14 7BZ, England, Manchester, 300 Platt Lane.

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