Glassworks Studios Limited

Glassworks Studios Ltd, based in London, UK, is a small, active company established fifteen years ago in 2009. Employing fifteen people and holding assets of just £5,971, it operates from a virtual address—a detail that suggests a lean operation, though it also raises questions about its physical presence. The company is owned by two individuals, with one director overseeing its activities. It runs an e-commerce site, selling clothing and accessories, and regularly imports these items, with the latest shipment arriving in December 2023. It also exports occasionally, though its export activity is less frequent, with the last shipment occurring in March 2021.

The company's website, Glassworks London, showcases a wide range of clothing, from blouses and dresses to jeans and outerwear, targeting a fashion-conscious audience. The site emphasizes new arrivals, limited edition drops, and a commitment to sustainable practices, highlighting a focus on both style and ethical sourcing. It also offers a loyalty program and student discounts, aiming to build customer relationships and drive repeat business.

Financially, Glassworks Studios Ltd presents a mixed picture. Current assets have plummeted by a staggering 91%, falling to just £6,000, while net assets have also decreased significantly, dropping 21% to -£410,000. Bank borrowings have been reduced by 34%, falling to £91,000, which could indicate efforts to manage debt. However, other creditors have increased dramatically, rising 190% to £200,000, suggesting a reliance on credit from suppliers. The company’s small size—meeting two of three criteria for being considered small—allows it to remain agile, but the sharp decline in equity and the rise in creditor payments are concerning. With no auditor mentioned, the financial information is unaudited.

Overall, Glassworks Studios Ltd appears to be navigating a challenging financial landscape, while simultaneously striving to maintain a stylish and sustainable brand identity. Whether it can successfully balance these competing priorities remains to be seen.

Registered in England/Wales under the registration number 06969838, with a registered address at EC1V 2NX, England, London, 128 City Road.

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