Forty Clothing Ltd.

Forty Clothing Ltd, based in Glasgow, UK, is a small holding company with an active status, established eleven years ago in December 2013. The company employs eighteen people and holds £769,927 in assets. It operates an e-commerce site and regularly imports clothing and accessories, not knitted or crocheted, with 32 months of import activity recorded, the last in December 2024. The company has a real address, with seven other companies registered at the same location, and is managed by one director and two owners.

The company’s website, Forty Clothing, showcases a wide range of clothing for men and women, including tops, bottoms, outerwear, and accessories. The site offers international shipping and supports multiple currencies, catering to a global customer base. It also features a loyalty program and clearance sales, encouraging repeat business and offering discounted items. The website’s design is clean and modern, with high-quality product photography and easy navigation. It also has a section for junior clothing.

Financially, Forty Clothing Ltd shows some concerning trends. While current assets increased by 28%, net assets jumped by a staggering 1100%, reaching £120,000. Bank borrowings decreased by 32%, and cash reserves fell by 72% to £39,000. Trade debtors increased by 16%, and creditors rose by 23%. The company's small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the decrease in cash reserves and increase in debt could indicate a need for careful financial management. The lack of an auditor mentioned (likely exempt as a small company) means the figures are unaudited.

The company's average number of employees increased slightly to twenty, suggesting a potential expansion of operations. However, the substantial increase in net assets, while positive, could be due to retained earnings or other non-cash factors. Overall, Forty Clothing Ltd appears to be navigating a period of change, with both opportunities and challenges ahead.

Registered in Scotland under the registration number SC465492, with a registered address at G40 2AA, United Kingdom, Glasgow, 6 Rogart Street.

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