Folia Limited

Folia Limited, based in London, UK, is a small, active company established 34 years ago. With two employees and £1,433,925 in assets, it’s a long-standing operation led by two directors and a solo founder, Yaron Drazenka. The company, which has a real address, regularly imports and exports clothing and accessories—excluding knitted or crocheted items—with 171 months of import activity and 5 months of export activity recorded.

The company operates in the wholesale of clothing and footwear industries, and its website is currently unavailable. This makes it difficult to assess its online presence and direct engagement with customers.

Financially, Folia Limited presents a mixed picture. While current assets have decreased by 11% to £1,400,000, creditors have increased significantly by 130% to £270,000. Cash bank on hand has also seen a dramatic drop of 80% to just £200,000. Debtors have surged by an impressive 360% to £990,000, which could indicate increased sales but also potential collection issues. Equity has declined by 21% to £1,200,000. The company’s small size—meeting two of three conditions for being classified as small—helps it remain nimble, but the decline in equity and cash reserves warrants attention. Depreciation rates used for property, plant, and equipment remain at zero.

The company’s financial statements are unaudited, a common practice for small companies, and the accounts are prepared in compliance with FRS 102. The fact that the company is trading at a loss, with net assets decreasing, suggests it’s burning through money. It’s unclear if this is a temporary setback or a longer-term trend, but the company will need to carefully manage its cash flow and explore ways to improve profitability.

Registered in England/Wales under the registration number 02578027, with a registered address at W1W 7SG, England, London, 71 Mortimer Street.

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