Flexwears Uk Ltd

Flexwears Uk Ltd, based in Manchester, UK, is a small, active company established five years ago. With four employees and £218,612 in assets, it operates from a real address and is led by a single director and owner. The company holds a Google rating of 2.0 based on four reviews, and regularly imports clothing and accessories made by knitting or crocheting—a trend spanning twelve months, with the latest activity in May 2024.

The company’s website, Flexwear, showcases a wholesale fashion business targeting women. It offers a wide range of clothing, from dresses and tops to knitwears and coats, with a focus on new arrivals and sale items. The site emphasizes wholesale pricing, free delivery for orders over £500, and a focus on catwalk trends. It even has a showroom in Manchester. Flexwears, formerly known as Flexwear, has six years of experience and aims to provide stylish, affordable, and high-quality fashion, along with excellent customer service.

Financially, Flexwears Uk Ltd presents a mixed picture. Creditors increased significantly by 32% to £180,000 within a year, while bank borrowings decreased by 31% to £24,000. Cash bank on hand dropped by 19% to £3,000, and net assets liabilities increased by 40% to £17,000. Trade debtors, previously at zero, now stand at £4,100. While total inventories increased by 21% to £210,000, the company’s small size—meeting two of three criteria for a small company—helps it remain agile. The accounts are unaudited and were prepared using the historical cost convention.

Despite the increase in liabilities, the company seems to be holding its own. The growth in inventories suggests a focus on stocking up, and the decrease in bank borrowings could indicate better cash flow management. It’s likely that the company is investing in its business to meet customer demand, but it's important to monitor its liabilities closely.

Registered in England/Wales under the registration number 12377530, with a registered address at M8 8LZ, England, Manchester, Unit 2 35 Broughton Street.

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