Fashion By Design Limited

Fashion By Design Ltd from Isle Of Wight UK: a small company with an active status, was founded 18 years ago. It employs 10 people and holds £344,085 in assets, operating from a real address. The business is run by three directors and two owners, and it's a family affair. It regularly imports clothing and accessories, not knitted or crocheted, with 92 months of import activity recorded.

The company operates in the retail sale of clothing in specialised stores. Its website is not available for review.

Financially, Fashion By Design Ltd presents a mixed picture. Current assets have decreased by 10% to £340,000, while net assets have fallen by 37% to £47,000. Bank borrowings have decreased by 6.4% to £56,000, and cash reserves have fallen by a significant 66% to £26,000. Creditors have increased by 8.7% to £220,000, and trade debtors have decreased by 75% to £2,600. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The number of employees has also decreased by 40% to six.

The company’s financial statements are unaudited, and no auditor is mentioned. The decline in cash reserves and equity is concerning, suggesting potential financial strain. However, the decrease in creditors indicates some improvement in debt management. It’s possible the company is reinvesting in its business, but the trend warrants close monitoring.

Registered in England/Wales under the registration number 05999531, with a registered address at PO30 1LH, Isle Of Wight, 9 St Johns Place, Newport.

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