Forage Design Limited

Forage Design Limited is a small, active company based in Liverpool, UK, founded eleven years ago in 2014. It operates as a virtual address, employing just one person and holding £43,584 in assets. The business is run by two directors and one owner, Harmon Richard, and features an e-commerce site selling bags, jewellery, and clothing. It’s a regular importer, primarily of clothing and accessories, not knitted or crocheted, with five months of import activity recorded as of June 2024.

The company’s website, ForageDesign, showcases a wide range of handcrafted bags, belts, jewellery, and clothing, emphasizing ethical sourcing and supporting independent artisans. It positions itself as an alternative to fast fashion, highlighting unique designs and sustainable practices. The site also includes a blog, lookbooks, and information about its partnership with the World Land Trust, donating a portion of each sale to wildlife conservation.

Financially, Forage Design Limited shows a mixed picture. Cash reserves increased by 19% to £15,000, while current assets rose by 78% to £44,000. However, bank overdrafts decreased by 36% to £3,100, and creditors increased significantly by 81% to £34,000. Trade debtors have also increased dramatically, ballooning by 380% to £25,000. The company meets the criteria for a small company, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. It’s worth noting that the company’s accounts are “filleted” and unaudited, relying on director-reported data.

The increased creditors and debtors suggest the company may be experiencing some cash flow pressures, perhaps due to increased sales or extended payment terms. It’s also possible that the company is investing in inventory or marketing to support its growth. While the company's financial numbers are not alarming, it’s something to keep an eye on.

Registered in England/Wales under the registration number 08837237, with a registered address at L3 4BJ, England, Liverpool, C/O Stuart Mcbain Ltd (Accountants) Unit 14 Tower Street, Brunswick Business Park.

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