Fundamental Fashions Limited

Fundamental Fashions Ltd, based in Preston, UK, is a small, holding company with an active status. Founded 27 years ago in 2008, it employs ten people and holds £512,931 in assets. The company has two directors and two owners, and operates from a real address in Preston. It’s an irregular importer of clothing and accessories, not knitted or crocheted, with the last import operation made on April 01, 2024.

The company’s website, fundamentalfashions.co.uk, lists its address as Suite 4 5, The Alcora Building, Mucklow Hill, Halesowen, B62 8DG. While the website doesn’s explicitly mention e-commerce, it does showcase a range of services, including wholesale of textiles, and emphasizes sustainable values, ethics, and compliance. It also has a section dedicated to company profile, which is a good sign.

Financially, Fundamental Fashions Ltd’s recent performance shows some concerning trends. Current assets have fallen by a significant 42%, dropping to £510,000. Debtor’s have plummeted by 85%, leaving only £64,000 outstanding. Equity has also taken a hit, decreasing by 50% to £460,000. Bank borrowings have increased, and cash reserves have fallen. On a brighter note, creditors have remained relatively stable. The company meets two of three criteria to be considered small, with a turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. There’s no auditor mentioned, so the figures are unaudited.

Overall, Fundamental Fashions Ltd appears to be facing financial headwinds. While it maintains a real address and a professional website, the declining asset and equity figures suggest it’s burning through money. The decrease in debtors could indicate issues with customer payments, and the drop in cash reserves raises questions about its ability to meet its obligations. It's a little bit worrying, but the company's small size and focus on sustainable values could help it weather the storm.

Registered in England/Wales under the registration number 03537548, with a registered address at PR1 5LX, England, Preston, Unit 1 Campbell Street.

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