First Class Clothing Limited

First Class Clothing Ltd, based in London, UK, is a small, active company established 23 years ago. It employs four people and holds £37,905 in assets. The company, founded by a solo entrepreneur, operates an e-commerce site and has two directors overseeing its operations. It’s a regular importer of clothing and accessories made by knitting or crocheting, with three months of import activity recorded, the last in December 2016.

The company's website, First Class Clothing, showcases a wide range of brands and styles, catering to men, women, and junior customers. It offers everything from coats and jumpers to footwear and perfumes, with a focus on popular labels like Adidas, Barbour, and Stone Island. The site also features a clearance section, offering discounted prices on select items—a common tactic for attracting budget-conscious shoppers. The website’s design is clean and easy to navigate, highlighting the latest products and promotions.

Financially, First Class Clothing Ltd presents a mixed picture. Current assets decreased by 6.3% to £38,000, while net assets declined by 18% to £20,000. Loans from directors, however, skyrocketed by 2,200% to £21,000—a significant injection of capital, but potentially indicative of financial pressure. Cash reserves also fell by 31% to £18,000. Trade creditors decreased by a substantial 82%, suggesting improved payment terms with suppliers. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 30 employees) allows it to remain nimble, but the increased reliance on director loans warrants attention. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

Overall, First Class Clothing Ltd seems to be navigating a period of change. The influx of director loans suggests a need for working capital, while the decrease in creditors points to better financial management. Whether the company can sustain its growth and profitability remains to be seen, but its focus on popular brands and its e-commerce presence position it for continued success.

Registered in England/Wales under the registration number 04430566, with a registered address at E7 9LY, London, 128 Studley Road, Forest Gate.

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