Everest Apparel Ltd

Everest Apparel Ltd is a small, active company based in Ilford, UK, founded six years ago in 2019. With a single employee and £30,532 in assets, it operates from a real address and is managed by one director and owner. The company runs an e-commerce site specializing in wholesale of clothing and footwear, and irregularly imports clothing and accessories made by knitting or crocheting, with its last import operation in 2020.

The website, Everest Apparel, is a vibrant showcase for Nepalese streetwear, blending traditional aesthetics with contemporary urban fashion. The mission is to allow the Nepalese youth to fully embrace their culture through clothing, while also assisting Nepal through a commitment to donate 10% of profits to Save the Children Nepal. The site highlights a "First Drop Collection" and emphasizes free shipping on orders over £99.99. It also provides FAQs, details about the charity partnership, and links to social media platforms.

Financially, Everest Apparel Ltd presents a mixed picture. Cash reserves increased by 43% to £1,700, but net assets declined by 14% to -£25,000. Bank borrowings decreased by 13% to £28,000, and current assets fell by 13% to £31,000. Creditors rose by 12% to £27,000. The company's small size (meeting two of three conditions for a small company) allows for agility, but the negative equity suggests ongoing financial pressure. The company’s accounts are unaudited and exempt from audit, relying on director-reported data.

While the e-commerce site shows promise and a clear brand identity, the financials indicate a startup still navigating early-stage challenges. The company’s reliance on a single employee and its negative equity suggest a need for careful financial management—but the strong brand messaging and charitable commitment could be key to long-term success.

Registered in England/Wales under the registration number 11988430, with a registered address at IG3 9HT, England, Ilford, 85 Water Lane.

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