Glam Coture Ltd

Glam Coture Ltd is a small, active company based in Manchester, UK, founded seven years ago in 2018. With just two employees and £59,576 in assets, it operates from a virtual address—a bit suspicious, as 241 other companies share the same location. Owned and directed by Bibi Ruqia, who is also the solo founder, the company has a respectable Google rating of 4.0 based on four reviews. It specializes in retail sale via mail order houses or via internet industries.

The company's website, Glamdust, showcases a range of fashion items, including evening gowns, jumpsuits, shoes, coats, and more. It has a clean, modern design and features a blog and social media links. The site also lists a physical address in Blackley, Manchester, but this may not be its primary operational hub. It seems to be a fairly standard e-commerce operation, with a focus on trendy, affordable clothing.

Financially, Glam Coture Ltd’s picture is a little mixed. Current assets have decreased by 25%, falling to £44,000, while cash reserves have plummeted 59%, leaving just £11,000 in the bank. Trade debtors have also dropped significantly, by 43%, to £3,800, which could be a positive sign of improved collections. However, other creditors have increased by 66%, reaching £4,900, and property, plant, and equipment remained stagnant at £160. Equity, however, saw a healthy increase of 38%, rising to £7,400. The company’s small size—meeting two of three criteria for a small company—helps it remain flexible, but the decline in cash reserves is a concern. The accounts are unaudited and were prepared using FRS 102, so the numbers should be taken with a grain of salt.

Overall, Glam Coture Ltd appears to be navigating the challenges of running a small e-commerce business. While the company has a decent online presence and a positive customer rating, the financial data suggests it’s burning through cash. Whether this is a temporary setback or a longer-term trend remains to be seen—but for now, Glam Coture Ltd is relying on its fashion sense and online marketing to keep things moving forward.

Registered in England/Wales under the registration number 11268913, with a registered address at M19 2LL, England, Manchester, 63 Kingsway.

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