Forever New Clothing Uk Limited

Forever New Clothing Uk Ltd, based in London, is a small, active company founded five years ago. It employs 56 people and holds assets worth £5,544,508. With two directors and no reported owners, the company operates from a real address and regularly imports and exports clothing and accessories, excluding knitted or crocheted items – 613 months of imports and 184 months of exports.

The company’s website, Forever New, is an online fashion retailer specializing in women's clothing, dresses, and occasion wear. It offers a wide range of items, from midi dresses to workwear, and emphasizes new arrivals and seasonal collections. The site encourages visitors to subscribe for emails and enjoy a 15% discount on their first full-price order. It’s clear the business is focused on direct-to-consumer sales through its e-commerce platform.

Financially, Forever New Clothing Uk Ltd shows some concerning trends. While cash bank on hand increased significantly by 110% to £790,000, creditors rose sharply by 32% to £7.7 million. Trade debtors also increased substantially, up 76% to £2.5 million. Despite this, net assets decreased by 28% to -£1.8 million. The company’s fixed assets also decreased by 17% to £400,000. The increase in creditors and debtors, combined with the negative equity, suggests the company may be struggling to manage its working capital. It’s possible the company is investing heavily in inventory to meet demand, or that it’s experiencing delays in collecting payments from customers. The company’s small size (meeting two of three conditions for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it remain agile, but the decrease in equity raises questions about its long-term financial health. The accounts are unaudited, and no auditor is mentioned, which is common for small companies.

Registered in England/Wales under the registration number 12060160, with a registered address at E1 8PY, England, London, The Loom 4th Floor, 14 Gowers Walk.

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