Faris Apparels Ltd

Faris Apparels Ltd, based in Lancaster, UK, is a small, active company founded six years ago. With a single employee and £227,244 in assets, it’s a solo founder operation led by a director and owner, Maje Fayaz Hussain. The company enjoys a stellar 5.0 Google rating from 45 reviews, suggesting high customer satisfaction. It operates as an irregular importer of clothing and accessories, not knitted or crocheted, with its last import activity recorded two months ago in June 2022.

The company’s website, Faris, is an online retailer specializing in designer thobes, jubbas, and related menswear—catering to a global audience with currency options and shipping to numerous countries. It’s a comprehensive e-commerce platform, offering a wide range of sizes and styles, and even includes a dedicated section for baby clothing. The site’s design is clean and modern, with a focus on high-quality product photography and easy navigation. It’s clear Faris is targeting a specific niche market—traditional Islamic menswear—and building a brand around quality and selection.

Financially, Faris Apparels Ltd shows a mixed picture. Cash reserves increased by 66% to £210,000, which is good news, and debtors rose 21% to £9,000. However, bank borrowings increased significantly by 95% to £13,000, and creditors also rose by 95% to £13,000, suggesting the company is relying more on credit. Net assets grew by a substantial 100% to £170,000, but this is largely due to retained earnings. Trade creditors decreased by a remarkable 140%, which is a positive sign of improved payment management. As a small company (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees), it’s exempt from an audit, so the figures are unaudited.

Overall, Faris Apparels Ltd appears to be growing, but it’s also managing increased debt. The company’s focus on a niche market and its strong online presence position it well for continued success, but careful financial management will be key to navigating the challenges ahead.

Registered in England/Wales under the registration number 11937853, with a registered address at LA1 1TS, Lancaster, Lancashire, 43 Blades Street.

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