Global Fashion Manchester Ltd

Global Fashion Manchester Ltd, based in Manchester, UK, is a small, active company founded seven years ago in 2017. With a single employee and £267,895 in assets, it operates from a real address and is led by one director and owner, who is also the solo founder. The company regularly imports clothing and accessories—not knitted or crocheted—with five months of import activity recorded, the last operation made on November 01, 2024. It operates in the wholesale of clothing and footwear industries.

The company’s website is non-existent, so it’s difficult to ascertain if it’s an e-commerce operation. However, the business’s focus on wholesale suggests a B2B model, supplying retailers or other businesses rather than selling directly to consumers.

Financially, Global Fashion Manchester Ltd presents a mixed picture. While bank borrowings decreased by 13% to £38,000, cash reserves increased by 35% to £76,000—a positive sign. However, net assets have increased by a staggering 910%, reaching £44,000, which is a significant jump from the previous year. Creditors have also decreased by 13%, suggesting improved debt management. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay nimble, but the sharp increase in equity raises questions about potential one-off gains or changes in accounting practices. No auditor is mentioned, likely due to the company's small size and exemption from an audit.

The company's growth in equity, while positive, could be due to a number of factors, such as increased profitability or the sale of assets. The decrease in creditors is a good sign, indicating that the company is managing its short-term liabilities effectively. Overall, Global Fashion Manchester Ltd appears to be financially stable, but it's important to monitor its performance closely in the coming years.

Registered in England/Wales under the registration number 10865350, with a registered address at M8 5DU, United Kingdom, Manchester, Flat 2 5 Bennett Road.

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