Finx Limited

Finx Ltd from London UK: a small, active company founded 14 years ago, employs seven people, and holds £400,517 in assets. It's a private limited company with a real registered address, overseen by one director and one owner. The company regularly imports clothing and accessories, not knitted or crocheted, with 72 months of import activity recorded. It operates in the retail sale of clothing in specialised stores.

The company’s website is currently unavailable, making it difficult to assess its online presence and sales channels. Without a website, it’s likely Finx Ltd relies on wholesale or other distribution methods to reach its customers.

Financially, Finx Ltd shows a mixed picture. While current assets have increased by a healthy 37% to £400,000, other key indicators are concerning. Net assets have remained steady at £240,000, but cash reserves have vanished entirely – a 100% decrease. Bank borrowings have also fallen by a significant 11%, and creditors have risen dramatically, up 190% to £160,000. Trade debtors have increased by 65%, which could indicate difficulties in collecting payments. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain nimble, but the sudden loss of cash reserves is a red flag. The unaudited figures, as is typical for small companies, rely on director-reported data.

The company’s reliance on imports, particularly in the clothing sector, could be affected by global supply chain disruptions. The significant increase in creditors suggests the company may be struggling to manage its short-term financial obligations. The lack of cash reserves could limit its ability to invest in growth or weather unexpected expenses. The company’s single director, Fink Leah, likely bears the brunt of these challenges, and her ability to navigate these pressures will be crucial to Finx Ltd’s future.

Registered in England/Wales under the registration number 07468195, with a registered address at N16 6XA, London, 21 Lampard Grove.

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