Forivor Ltd

Forivor Ltd from Hereford UK: a small company with an active status, was founded nine years ago and employs just two people. It holds £34,973 in assets, operates from a real address, and is managed by two directors and two owners. The company regularly imports various textile products, sets, used clothing, and rags, with the most recent import occurring in November 2024.

The company’s primary focus appears to be organic bedding, clothing, and blankets for babies and children, sold through its online store, Forivor. The website showcases a range of products, from quilted blankets and muslins to personalised art prints, all featuring whimsical illustrations and a focus on natural materials. It also offers tableware, journals, and tote bags, suggesting a broader lifestyle brand. The website has a blog section with articles about children's art workshops and new collections, indicating a desire to engage with customers and build a community.

Financially, Forivor Ltd presents a mixed picture. Accumulated depreciation increased by 91%, and bank borrowings remained stable. However, cash bank on hand saw a significant increase of 93%, while creditors rose by 18%. Current assets decreased by 17%, and trade debtors dropped by 68%. The company’s small size (meeting two of three conditions for being small) helps it remain flexible, but the decline in equity—a 58% drop—is notable. With no auditor mentioned, the financial statements are unaudited.

The company's financial data suggests it's burning through money. The increase in depreciation and the decrease in current assets, coupled with the rising creditors, point to potential cash flow challenges. The increase in cash bank on hand is a positive sign, but it may only be a temporary buffer. The company's focus on organic and personalised products, while appealing to a niche market, may not be enough to offset these financial pressures.

Registered in England/Wales under the registration number 09649675, with a registered address at HR3 5NJ, Wales, Hereford, Maesyronnen Farm, Glasbury.

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