Fm Apparel Ltd

Fm Apparel Ltd from Manchester UK: a small, active company founded seven years ago, employs a single person, and holds £30,077 in assets. With two directors and one owner – a solo founder – the company operates from a real address and has been trading since April 2018. It’s a small company, meeting two of three conditions: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees.

The company’s primary focus is retail sale via mail order and internet, catering to a niche market. While no website is currently available, this suggests a business model relying on wholesale partnerships or direct sales channels. It’s a bit unclear how they reach customers, but the lack of an online presence is not unusual for smaller, specialized retailers.

Financially, Fm Apparel Ltd presents a mixed picture. Cash bank on hand has increased significantly by 330% to £6,600, which is a good sign. However, net assets have declined by 64% to just £610, and retained earnings have also decreased. Bank borrowings have been reduced by 28% to £24,000, and creditors have also fallen by 28%. Trade creditors have seen a significant decrease, which could indicate improved payment terms with suppliers. The company’s inventory has increased by 88% to £23,000, which could be a strategic move to meet anticipated demand, or a sign of overstocking. The lack of employees (just one reported) keeps overhead low, but limits the company’s ability to scale. With no auditor mentioned, the unaudited figures rely on director-reported data.

Overall, Fm Apparel Ltd seems to be navigating a period of adjustment. While the increase in cash reserves is encouraging, the decline in equity and net assets suggests the company is burning through money, though not at an alarming rate. The reduced bank borrowings are a positive sign, but the increased inventory raises questions about future sales.

Registered in England/Wales under the registration number 11288172, with a registered address at M8 8LR, England, Manchester, Unit - 2b, Ground Floor Sherborne Trading Estate, 60 Sherborne Street.

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