Fashion Specs Direct Limited

Fashion Specs Direct Limited is a small, active company based in Liverpool, UK, founded eighteen years ago in 2006. With £769,102 in assets and a real registered address, it employs twenty-four people and is overseen by six directors, with one owner, Styles Kevin. The company operates in the other business support service activities n.e.c. industries, and is an irregular importer, with its top import category being Optical and medical tools and devices, totaling two months of imports. The last import operation was conducted on January 01, 2024.

The company’s website is currently unavailable, making it difficult to determine the specifics of their operations beyond the financial data. It's unclear whether they operate an e-commerce site or primarily engage in wholesale or distribution activities.

Financially, Fashion Specs Direct Limited shows a mixed picture. Cash bank on hand dropped by 5.7% to £640,000, while creditors increased by 26% to £300,000. Current assets also decreased by 5% to £770,000. However, the company’s equity plummeted 18% to £560,000, a significant drop from the previous year. It's worth noting that the company's size—meeting two of three criteria for a small company—helps it maintain agility. The company’s net assets liabilities also decreased by 18% to £590,000. The lack of an auditor mentioned suggests the company is exempt as a small company, relying on unaudited statements.

The company’s directors list was changed three months ago, which is a good sign. The decrease in equity and the rise in creditors, however, suggest the company may be burning through money. It’s possible that the company is facing increased competition or that its costs have risen.

Registered in England/Wales under the registration number 05986776, with a registered address at L1 9ER, 61 Rodney Street, Liverpool.

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