Kb Fashion Lab Ltd

Kb Fashion Lab Ltd, based in Wigan, UK, is a small, active company founded just one year ago. With two employees and £80 in assets, it’s a fledgling operation led by two directors and owners. The company boasts a perfect 5.0 Google rating from three reviews, indicating positive customer experiences. It operates in the retail sale of clothing, both in specialised stores and online.

The company’s website is primarily a Facebook page, suggesting a focus on social media marketing and direct customer engagement rather than a dedicated e-commerce platform. This approach is common for smaller fashion retailers aiming to build brand awareness and drive sales through platforms like Instagram and Facebook Marketplace. It’s a simple, cost-effective way to reach potential customers without the overhead of a full-fledged online store.

Financially, Kb Fashion Lab Ltd presents a concerning picture. While meeting the criteria for a small company (turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees), its equity is a negative £23,000. Cash reserves are also at a low £80, and creditors stand at £23,000. The company’s net assets are also negative, and its net current assets are also negative. The lack of any reported revenue is a worrying sign, and the significant reliance on creditors suggests potential cash flow issues. There's no auditor mentioned, which is typical for small, exempt companies. The company's retained earnings are also negative, which means it's been losing money.

In short, Kb Fashion Lab Ltd appears to be struggling financially, despite a positive online reputation. The business is burning through money, and its reliance on creditors is a cause for concern. While its social media presence indicates customer engagement, the underlying financial health needs serious attention.

Registered in England/Wales under the registration number 14881247, with a registered address at WN1 1LR, England, Wigan, 19 Hallgate.

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