Folks Trading Ltd

Folks Trading Ltd from Manchester UK: a small, active company founded just one year ago, employs two people, and holds £125,606 in assets. It’s led by a solo founder and has a perfect 5.0 Google rating from fourteen reviews. The company regularly imports clothing and accessories made by knitting or crocheting, with seven months of import activity recorded.

The company operates in the wholesale of textiles and retail via mail order and internet industries. Its website, Don Darcy 0, showcases a range of apparel, including joggers, sweatshirts, and hoodies, targeting both individual consumers and businesses. The site emphasizes quality fabrics, exclusive designs, and premium services—a strategy to elevate its offerings beyond standard retail. It even offers tech packs and support for businesses looking to source fabrics.

Financially, Folks Trading Ltd presents a mixed picture. Current assets remain steady at £130,000, but net assets are negative at -£32,000. Cash bank on hand is £20,000, and creditors are £160,000. Debtors are low at £2,700, and retained earnings are also negative. The company meets two of three conditions to be considered small: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The negative equity suggests the company is burning through money, potentially relying on credit to cover expenses. The lack of an auditor mentioned (likely exempt as a small company) means the figures are unaudited.

While the website presents a professional image and the company enjoys positive customer reviews, the financial data reveals a challenging situation. Whether Folks Trading Ltd can turn its business around and achieve sustainable profitability remains to be seen.

Registered in England/Wales under the registration number 14862785, with a registered address at M14 7HR, England, Manchester, Greater Manchester, Suite 2 Parkway Business Centre, Princess Road.

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