Far Afield Ltd

Far Afield Ltd, based in Newhaven, UK, is a small, active company founded twelve years ago in 2012. Employing just four people, the business holds £792,396 in assets and generates £1,282,536 in yearly revenue. With a real address and four directors, the company is owned by two individuals. It regularly imports and exports clothing and accessories—excluding knitted or crocheted items—with 119 months of import activity and 71 months of export activity recorded.

The company’s website, far afield.co.uk, presents a curated selection of menswear, emphasizing quality and design. It's clearly an e-commerce operation, with a clean, modern aesthetic and a focus on storytelling. The site highlights collaborations, artist series, and a "lost in music" playlist, suggesting a brand identity beyond just selling clothes. There's a strong emphasis on sustainability and ethical production, with a dedicated section detailing their manufacturing processes. The website also features a blog, showcasing a lookbook, archive, and journal entries—all contributing to a lifestyle brand feel.

Financially, Far Afield Ltd shows some concerning trends. Current assets have decreased by 18%, dropping to £790,000, while net assets have plummeted 250%, resulting in a negative balance of -£480,000. Bank borrowings have increased significantly, and cash reserves have fallen by 34%, leaving just £28,000. Trade debtors have also decreased considerably, suggesting potential issues with customer payments. Despite meeting two of the three criteria to be considered a small company, the significant equity decline and increased debt raise questions about its financial health. The lack of an auditor mentioned—likely due to its small size—means these figures are unaudited.

The company’s turnover has also decreased by 17%, which may be a result of the current economic climate. It’s likely that the company is facing some challenges, but its strong brand identity and focus on quality could help it weather the storm.

Registered in England/Wales under the registration number 08090708, with a registered address at BN9 0FB, England, Newhaven, Unit E3 & E4 Eastside Business Park, Beach Road.

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